We're in the process of buying a house and some land at the moment.
As the land will be subject to GST and we we plan to be doing some sort of farming on it the bank advised that we speak to an accountant.
He advised that we set up a family trust, buy the property in the name of the trust and rent the house from the trust as a family (the rent to cover the mortgage)
We Then set up a company to farm the land that rents the land from the trust (pays the rest of the mortgage)
Apparently family trust protect your assets from being seized by the government in lieu of long term medical treatment (among other things)
There was also advise about transfering tax liability but I won't go into that here.
Has anyone else gone down this route?