Is a previously (business operating) company that has retained losses which no longer operates a business and has been dormant for a while a good...
Thanks team. All very good points I hadn't considered. Terry: Examples might include investments that aren't available to trust holders. As a...
thanks @Paul@PAS. This goes to the crux of my question - why "should" they have appropriate OMT via Chess? I fully understand that it provides...
Yes, that's my thought -- so long as CGT is still paid by the transferor (Homer), it might still result in a more favourable CGT that could...
Thanks Terry and Paul. Terry, I've looked into the terms and 'declaration of trust', 'Acknowledgement of Trust' and installment contract and all...
Based on my reading of Legal Tip 188: How to Fund a New Discretionary Trust - PropertyChat and Tax Tip 314: Bare Trusts and CGT - PropertyChat my...
After some time using a trust, I'm thinking out loud... given one of the benefits of a trust is to distribute income to lowest taxed beneficiary...
Am I reading this correctly that the only point at which a FTE will be required for a discretionary trust is if the trustee wants to offset some...
This is a great thread. Earlier it was said: . In the first year of my trust, and my accountant advised that Capital Losses could be carried...
Thanks Terry and Paul. I think I was confusing general losses (non-capital) and capital losses. The latter of which is the only ones I have, and...
A discretionary trust of which I am trustee has received substantial Capital Losses in its first year of operation. There are not enough capital...
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