Legal Tip 372: Trustees for Children and Land Sometimes land is held by a trustee for the benefit of minor children. This often happens when the...
Many discretionary trusts are drafted in such a way that Beneficiaries will change over time. This will happen where the deed is worded so that...
Hi, I work 30 hours per week and also receive an income from an overseas trust that a relative set up for me years ago. I am the primary...
A declaration of trust over dutiable property is a dutiable event and will trigger ad valorem duty just as a transfer of title would. Example...
One of my children is about to turn 18 and I will be able to pay her from a DT. I have heard that I can retain that income in the trust (it will...
When a ‘trust’ gets a loan it will be the trustee that is the borrower with the directors of the trustee company giving guarantees – this is the...
It is a trust that cannot see. Blind trusts have been in the news a bit lately. The concept of a blind trust is that a person, the beneficiary,...
I have written about the need for Family Trust Elections to be made here Tax Tip 255: What is a Family Trust election? Tax Tip 255:...
Hello All, I've come past a question I can't get a straight answer to. I've asked the ATO, a chartered accountant, google.....not even my book...
Generally, I think it is best to avoid having the one trust hold property in different states. This is because any changes to the trust deed will...
Tax Tip 368: Land Tax in QLD – A Individual v Trust If you are contemplating the purchase of a property in QLD and are interested in considering...
Discretionary trusts are usually set up with someone occupying a position known as the ‘appointor’. The appointor generally has the power to...
Many people want to set up trusts in such a way that certain people cannot benefit. Usually these are ex-spouses. That is easy enough to do you...
A trust established by deed is known as an ‘express trust’. These include unit trusts, discretionary trusts and superannuation funds. But a trust...
Legal Tip 344: Unpaid Trust Entitlements and Asset Protection Unpaid present entitlements are debts ‘owed’ by a trust to a beneficiary. They are...
Trusts must come to an end. This will be due to the terms of the deed or will or due to the laws against perpetuities. Sometimes this will happen...
In QLD separate trusts can each receive a separate land tax threshold: s20 Duties Act...
Changes to company tax rates Question: With the new definitions/changes to company tax rates, do bucket companies that get business...
Children under 18 pay high rates of tax on unearned income. Their tax rate is generally a flat 45% if they earn more than $1,307 per year (as of...
Only a beneficiary of a trust can benefit from the income and/or capital of the trust. With discretionary trusts the beneficiaries are those...
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