Federal budget 2018: Personal tax crackdown to raise $1.1b an anti-avoidance rule will be extended to family trusts to increase revenue by $20...
Hey all, I am in the process of preparing for my Trust tax return. This is my first trust so please be patient with me. Essentially here's the...
Wondering if anyone on the forum can help with advice. Looking for a loan for a PPOR, I have 10% deposit. My business made a NET income last...
Hi All, We wish to create a family trust and use it to buy IPs to allow us to enjoy a passive income, and maybe purchase a motor vehicle through...
Proving that a Property is held in Trust When a trustee purchases a property the trust is not recorded on title. In fact there is legislation...
Strategy: Backup Appointors of Trusts People that are appointors of family trusts usually give little thought to what can happen to the trust...
Tax Tip 166: Non-Arm’s Length Income (NALI) and Taxation of Superfunds There are various laws designed to prevent people exploiting the lower tax...
Legal Tip 167: What is a Settlor? The settlor is the person that contributes the initial property to a trust. Usually the settlor is the person...
Incorporating a Trust into a Strategy Recycling Debt It is possible to incorporate a discretionary trust in a strategy of recycling debt. This...
Deductibility for Costs of Setting Up a Trust The costs of setting up a trust are generally not deductible. However the costs may be...
Can an accountant do his own tax returns for the trusts that he is a beneficiary to or does it require an independent accountant?
Legal Tip 166: Stamp Duty on Trust formations in NSW In NSW there is $500 stamp duty levied on a trust that is set up with ‘unidentified...
Tax Tip 163: Trusts and Land Tax in SA. The land tax laws differ from state to state. Below are some points on the taxing of discretionary, and...
He we go again, another crack at Trust reform. Given the way the Libs are behaving a Labor Government is looking a strong probability next...
Paper from Australia Institute: http://www.tai.org.au/sites/defualt/files/P428 Trusts and Tax Avoidance - Richardson - FINAL.pdf Summary from...
The Attorney General has asked the Law Reform Commission to review and report on two aspects of the law relating to beneficiaries of trusts: the...
Legal Tips: Avoiding Unpaid Present Entitlements (UPEs) What are UPEs? They are basically trust distributions which are not actually paid out of...
Trusts and Family Law People often associate trusts with asset protection, especially discretionary trusts. However this is mainly in the event...
Legal Tip 159: One Person owning one Property in 2 or more Different Capacities This one is a doozy. Something I have never seen in practice,...
Good Evening, Little Back Story. We have a PPOR and 3 investment properties, all CF+ . My family consists of myself and 3 sons. the two eldest...
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