Different trusts will have different terms and generally I will set up trusts for shares differently for trusts to hold real property. For a...
Estate Planning Consequences of Recording the Beneficial Ownership of Shares in a Private Company Wrongly If someone dies and owns shares in a...
It is confusing when setting up a trust because they are thought of as a ‘structure’ or an ‘entity’ like a company is. But trusts are just...
The trustee of a discretionary trust might make an individual beneficiary presently entitled to a capital gain of the trust. This individual...
Many seem to be confused about trusts using their income to reduce debt and how this relates to tax. Example The Simpson family Trust receives...
When a newly set up trust or company invests in property there is often a negative income. The expenses are more than the rents, especially in the...
The trustee of a trust generally must make one or more beneficiaries presently entitled to income of the trust prior to 30 June each year. This is...
The trustee of a trust is usually changed by deed. After this happens the title of the trust property should be transferred from the old trustee...
People set up trusts and think to themselves this is ‘my’ trust. This is not actually the case, even if you are the sole trustee, appointor and...
Hi Everyone, Could you please suggest me some books on asset protection, you guys would have read or aware of. 1. Asset protection 2. Trusts...
There is a legal principal that a person cannot be a beneficiary for themselves as the definition of a trust is the trustee holds property for...
A trust is not an entity so you cannot contract to sell to the ‘trust’ unless the trustee is a different person from the current owner. An owner...
If you own a farm in VIC you are in luck because it is one of the few states which will allow for the transfer of farming land without stamp duty...
Hi, Just after some advice around setting up a discretionary (family) trust. The main question I have is around whether to set it up with a...
Changing the trustees of a trust is a bit of hassle with some major things to consider where the trustee holds valuable assets. It is best to...
Some clients have asked to exclude children of one of them and their spouse but not both of them from being a beneficiary of a trust. Example...
Tax Tip 287: How Capital Gains Through a Company can be Tax Free Companies pay a flat 30% tax on capital gains (or 27.5% in some cases). But this...
I set up companies and trusts and I often get asked what the ongoing costs of these are. I am not an accountant so don’t get involved in the...
Generally, companies are not considered to be good vehicles with which to hold shares because they do not receive the 50% CGT discount like...
A child maintenance trust (CMT) is a trust set up as part of a breakdown in a relationship. The trust is set up to benefit the children of the...
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