PPRuNe Forums - View Single Post - Corporate Jet Charter in Australia
View Single Post
Old 15th May 2017, 06:09
  #28 (permalink)  
Lead Balloon
 
Join Date: Nov 2001
Location: Australia/India
Posts: 5,298
Received 425 Likes on 212 Posts
Errrrm, no. Your name is on the title documents to the land on which your house was built, and therefore you are the legal owner of the land and house annexed to it. The bank registers a charge that prevents dealings without its mortgage being discharged.

An aircraft legally owned by a US trust entity is legally owned by the US trust entity. Otherwise the FAA would not allow the aircraft to remain on the N register. The Aussies are beneficial owners.
Lead Balloon is online now