11 September 2024 at 5:51 pm #13377
Thanks, for your prompt response.
Just a follow up question from your above reply.
Isn’t it agricultural land considered as commercial property? In that case the borrowing restrictions (non geared) wouldn’t apply, isn’t it?
Also if there are four independent parties, none of them have control over 50% then Unit trust wouldn’t be a related party, am I right?
If the agricultural land leased out to someone who is not related for the primary production, then I assume there won’t be any issues in the above example.
Your help with the above questions would be much appreciated.
Thank you,
Dipak Mehta