Coverting to a Fixed trust

Hi all,

I currently have an IP in my own name. we also have a property trust that holds two properties, that for land tax purposes are not entitled to the land tax threshold.

We are considering amending our trust to a fixed trust, allowing a land tax threshold.

By doing this is it correct to assume the land tax portion from the trust properties will be added to the land tax assessed on the IP.

Additionally, would anyone see the restructuring of the trust to a fixed trust as being detrimental with regard depreciation abilities and personal tax.

Thanks

Wayne