I'm trying to determine the viability of setting up a structure that will legally minimize tax and protect assets for now and in the future. I'm...
Hi All, tried looking for the answer before posting (apologies if this has already been asked) - generally speaking a trust needs to distribute...
A discretionary trust can have beneficiaries other than members from the same family. A friend could be included as a beneficiary of the trust...
Some people ask me what the tax rate is for trusts. Trusts are treated as a separate tax entity, but they generally do not pay tax. They are what...
It is generally a good idea not to hold shares and property in the same trust. Here are 4 reasons why: a) Foreign Persons These days trusts...
What! I hear you ask, but wait, there can be good reasons to appoint an outsider as trustee of ‘your’ trust. This is especially so after your...
In NSW the land tax threshold is currently $734,000 (as of 2020) This means an individual could hold up to $734,000 in property, with a land...
Legal Tip 258: New Land Tax Sting for Trusts and Companies owning Land in NSW Under NSW law a ‘foreign person’ will pay more land tax and stamp...
Legal Tip 257: Dangers of having a friend act as trustee and mortgage your property There is a dangerous strategy being promoted out there...
Tax Tip 258: QLD Land held in Trust and Land Tax Exemption when living there In QLD land held by the trustee of a discretionary or unit trust...
Assets held as trustee for others are generally not available to creditors if the trustee goes bankrupt. See Legal Tip 46: Is property held by a...
A Family Trust Election is an election made by the trustee of a discretionary trust to make that trust into a ‘family trust’ for tax purposes....
I'm sure Terry probably has a tip regarding this, but I thought it quicker to test the forum for a quick answer. Does anybody have a generic loan...
Question: Can someone appointed under the power of attorney exercise the Appointors powers under a discretionary trust? Answer: Yes, depending on...
Legal Tip 243: Can one Trust Distribute to another Trust? One trust can distribute income or capital to another trust but only if the recipient...
Tax Tip 242: Pre CGT Assets and Death PreCGT assets are getting rare these days. These are assets purchased prior to 20 September 1985 which is...
Hi, Long-time lurker, first time poster. I'm looking to buy my second IP and hoping for some advice on the best structure. I will work with a...
The bucket company strategy can allow income to be completely tax free under certain limited circumstances. How it works is that you would set...
When setting up a discretionary trust generally people want to set it up in such a way the class of beneficiaries is wide. Often the deed is...
When the trustee of a discretionary trust holding shares dividends can be passed on to beneficiaries of the trust and this includes beneficiaries...
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