Originally Posted by
artemis
Well I was mainly commenting on what might happen if the post war generation do or don't downsize. Still, 'market rent' still leaves a lot of wiggle room. The market rents tables on the DBH website, which are based on bond lodgement info, show a wide variation in rents for similarly sizes of property types. It's a blunt instrument but IRD would accept it as 'proof' I'm sure, since it is the most comprehensive and current data.
Correct, neither the settlor/s or the beneficiaries own the property outright, yet anyway. But in practice living in a place owned by a trust in which one is a beneficiary is quite different to a rental owned by an independent third party.