Tax Tip 498: Will Bucket Companies be Redundant after the Tax Cuts in 2024? Individual tax rates are changing on 1 July 2024 which is just over...
Good day helpful experts, I have the following set up. Family Trust is a shareholder in Company Pty Ltd. Company pays $100k grossed up dividend...
Hi I’m trying to understand how franking credits works in a bucket company that received franked distributions. A trading co declares fully...
Hi, I’ve read a lot of posts recommending not to having personal names as shareholders in a company. No doubt it is a great asset protection...
Companies receiving dividends are taxed similar to individuals. They can get the benefit of franking credits like individuals. But usually if they...
If you control a discretionary trust you might be thinking about setting up a bucket company to be a beneficiary of the trust. When is the best...
If someone borrows from a related company it would need to be on terms that comply with Division 7A of the ITAA36, otherwise the whole loan amount...
Hi folks, Firstly thanks to the forum and members in particular, who have contributed valuable opinions and insights regarding trusts and bucket...
Investors often control or partially own private companies. They could be trading companies, holding companies or bucket companies. Money in these...
Diverting income to a company is a way to postpone excess tax to future years. The company will generally pay a 30% tax rate and the shareholder...
Hi Everyone, I was keen to get your thoughts on the below so I feel (somewhat) well prepared before I have a chat with my accountant/lawyer....
A bucket company is a company that receives distributions from a discretionary trust. They are usually used to cap the tax at 30% on investment...
I have made a list of all the tax and legal tips that I have made on Bucket Companies Here is is Legal Tip 93: Bucket Companies as Beneficiaries...
Hi guys, I know a lot has been discussed about using a Bucket company as one of the beneficiaries of a Family Trust to minimize tax. I also...
TL;DR - is it worth considering distributing money to a bucket company (30% tax) versus distributing to individuals with CGT discount (~22.5%...
Last time I showed how a bucket company can allow for extra compounding to occur which allows for earnings to compound quicker. This results in a...
A company that is not trading will generally pay a maximum tax rate of 30% whereas an individual will generally pay a maximum of 47%. That means...
Div7A will deem loans from companies, related to shareholders, to be taxed as unfranked dividends unless a Division 7A loan agreement is in place....
When a company pays a dividend to a shareholder the dividend can have franking credits attached to it. This will allow the shareholder to get a...
Where family circumstances permit, it may be worth considering having a bucket company owned by the oldest person in the family. Example Bart...
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