A Unit Trust is different to a Discretionary Trust. This paper analyses the key attributes of a Unit Trust in layman's language. Many small business operators utilise a Unit Trust for their business operations.
The paper includes a Flow Chart on the operation of a Unit Trust, together with standard Minutes of Trustees' Meetings and is presented under the headings:
- Fixed Interest
- Payment For Units
- Uses Of A Unit Trust
- Similar To A Discretionary Trust - But There Are Some Significant Differences
- Settlor
- Trustee(s)
- Trust Deed
- Unit Holders
- Business Activities
- Appointor(s)
- Distribution Of Profits And Capital Gains
- Taxation
- Trust Losses and Bad Debts
- Unit Holders Accounts
- Trustee Meetings
