Hi, A little bit about me first - my partner and I are looking to purchase our first house, cost is approx. $1m inclusive of stamp duty. This will be the first house either of us will have purchased. We are located in Melbourne. I have had a high paying job for a while now which has enabled us to both save substantially and we can purchase the property outright (we are pre-approved for a loan if that is more advantageous though for some reason). Additionally I have a discretionary family trust set up (run by a company for which I am the director of, and another company that is owned by the trust which I've been working and earning income with). My partner works locally and this is unlikely to change as she has a secure tenured position. I have taken time off (I am a contractor) and am in the process of studying for the GMAT in order to try to get into one of the top 10 MBA schools for the August 2017 intake. All the graduate schools are located overseas - Europe, America, and one in Asia. The course length will be approx. 12 months, give or take two months. I will be working from August 2016 - June 2017 once I have received a placement at one of the schools. I will likely leave the country in June 2017 and not return prior to August 2018 or perhaps even 2019 depending upon where I end up working - however my end goal is to come back and work in Melbourne by August 2019 at the latest. During my time overseas I will likely earn income (I'm a dual national and can work in the EU) for which purpose I want to make sure I am legally entitled to not be an Australian resident for taxation purposes (I don't want to be double taxed and I may end up working in the middle east on a tax-free contract). Effectively, we plan on purchasing this home, renting it out for the next 2-3 years, then knocking it down to build our own PPOR. We do not plan on selling the property at all. My question is: Should we purchase this property in our names (hers and mine) or should we purchase the home in the family trust? I would usually go with putting the property in our names however am reluctant to do this for two reasons: (1) Asset protection - even though my company has PI and PL insurances, I plan on discontinuing the insurances when I leave the country and have the company cease trading - not sure if a previous job I've done could come back to haunt me personally because of this and thus jeopardise our home. (2) Resident for Tax purposes - if I own any property directly, rather than as an investment, I've heard that the ATO is unlikely to rule favourably towards declaring me not a resident for taxation purposes while I'm working overseas during my ~2 year hiatus. If it's in the trust, then while it's rented out it's treated as an investment and the trust pays tax on the profits only (or the profits can be attributed to my partner via a distribution). I have a meeting with my accountant next Monday and I'm planning on asking him these questions, but I was wondering if there was anyone in here to offer a critique or pick apart anything they see as illogical in my reasoning above prior to my meeting. Thank you for your assistance.