My wife and I are contemplating buying a unit/apartment. Initially, it will be an investment property (with a loan, etc) but, at some undetermined time in the future (could be 5, 10, 15... years), when we want to downsize, we would sell our current PPOR (on acreage so not ideal for an IP) and make this apartment our home. At this time, hopefully, the apartment would become debt free. For this thread, let’s say the apartment is an IP for 5 years and then we make it our PPOR. As a buying entity, I see that we have two options: 1. Buy In Our Own Names a. Advantages i. We get all the tax deductions for owning an IP for 5 years and then all the advantages of owning a debt free PPOR. ii. On our death, if our beneficiaries want to sell the apartment, our estate would liable for CGT on the first 5 years but not after that as long as the property was sold within 2 years of our death. iii. On our death, if our beneficiaries wanted to keep the apartment (our wish), our estate would liable for CGT on the first 5 years and our beneficiaries would have deemed to have acquired the apartment on the date our death. b. Disadvantages i. Our death would trigger the payment of CGT for the first 5 years. ii. Our beneficiaries would be up for the costs of enacting our wish of keeping the apartment. Such costs would be stamp duty, legal fees for the transfer, etc. 2. Buy In An Existing, ‘Idle’ Trust With Corporate Trustee a. Advantages i. We get all the tax deductions for owning an IP until our death via our Trust and then the tax deductions would transfer to our beneficences via the same Trust until they sell or the Trust expires (July 2086). ii. Our death does NOT trigger a CGT event. CGT is only payable when the beneficences sell or the Trust expires. iii. Our beneficiaries are NOT up for the costs of enacting our wish of keeping the apartment. b. Disadvantages i. Us/our beneficiaries miss out on the CGT exemption for the period that we live in the apartment. I am mainly concerned about do I have the right understanding of both options. I am neither an accountant nor a lawyer. We will be seeing these in due course; I want to ensure I have the right understanding before I do. Once I have the right understanding, then I intend to undertake some scenario planning based on different numbers for IP years, different number for CG, different numbers for how long we live, etc to see how each option plays out. Any feedback on this would be appreciated.