A sub trust could potentially mean many things but it would generally be where the trustee of a discretionary or unit trust holds money or assets...
I have a deed, it's signed and settled properly etc. But do I need to register it and pay stamp duty? what if I don't?
If a new trust or company is established, it will have just $10 or so of capital. It will need more money if it wants to invest. To get this money...
Hi all, I currently live in Queensland, and have 2 residential properties under my own name. I'm 31 years old, no children, or serious...
For people who have mega portfolios (eg. $20M+), with multiple multi-million dollar commercial properties, I would think each big deal is...
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...
When a trustee operates a bank account or share trading account, they will need to quote a tax file number, or TFN. Do they declare their own TFN...
Hello Fellow Investors, - I am an ABN IT contractor and have my own Pty Ltd company - My wife is a PAYG employee - I, along with my wife have a...
If a Trust has made a Family Trust Election then someone outside of the family group who benefits from that trust can result in Family Trust...
Continuing on from Tax Tip 429: Offset Accounts and Onlending Loan Agreements Tax Tip 429: Offset Accounts and Onlending Loan Agreements The...
A discretionary trust can have a limited number of beneficiaries. The deed may be worded such that the beneficiaries are: A B C D E F This is a...
I could spit out a trust in a few minutes, both trustee and settlor could sign it on the spot and the whole thing done in 10minutes – but this is...
Hi folks, Firstly thanks to the forum and members in particular, who have contributed valuable opinions and insights regarding trusts and bucket...
There are really 2 occasions when a private binding ruling (or PBR) should be applied for from the ATO, and they are: a) When the law is...
A ‘memorandum of Wishes’ Is also known as a ‘letter of wishes’ or ‘statement of wishes’. I call them “MOWs” A MOW is an informal document making...
We (my wife and I) do not have properties, but would like to start buying/investing in property. We would like to target to target to have...
If someone dies their minor children might go and live with someone – who might be a surviving parent, or a legal guardian or someone with no...
In the ‘good old days’ a trustee of a discretionary trust could make a charity presently entitled to the income of the trust. Trusts generally...
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...
Generally changing trustees will not trigger CGT and will not trigger stamp duty. However, under NSW law there is the possibility that a change of...
Separate names with a comma.
