Discretionary Trust Management - Accountant Recommendation

Discussion in 'Business Accounting, Tax & Legal' started by Harry Marcus, 6th Mar, 2020.

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  1. Harry Marcus

    Harry Marcus Well-Known Member

    Joined:
    24th Feb, 2016
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    Location:
    Sydney, NSW
    Hi All,

    I had a discretionary trust / bank accounts setup a number of years ago and now intend on actively using it to trade shares.

    I'm hoping for an accountant recommendation around the inner Sydney area (Canada bay / Ryde or anywhere central) who can review the trust deed/documentation and manage the trust requirements + personal tax returns moving forward.

    Can anyone provide some recommendations?
    Harry
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Plus Member

    Joined:
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    Australia wide
    Not sure accountants can review deeds as this is legal advice but Paul and Michael of the forum know trusts. Ross in WA too
     
    Ross Forrester and Mike A like this.
  3. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    May depend whether the trust has vested. If a trust ceases to hold any assets is it still a trust ?

    I often encounter people who want to use their trust "again" sometimes years after the trust sold property or bank accounts were closed etc and there are no evident assets.