A unit trust divides the beneficial ownership of the trust property into a number of units. Unit holder's rights to income and voting are proportional to the amount of units held. Units are similar to shares in a company, they might have different rights attached to them and they can be bought or sold.
The information on this site is of a general nature only and does not constitute legal, tax, commercial or other professional advice. You must seek your own advice in relation to your particular circumstances before acting. View our full terms & conditions.
Need more information? Check out other frequently asked questions.