Establishing a bucket company

Discussion in 'Accounting & Tax' started by Jingo, 28th Nov, 2020.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    To use as a corporate beneficiary with distribution flexibility but Paul raised some possible issues above.
     
    JohnPropChat, 22nd Jan, 2021
    #21
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Family Trust election and interposed entity election may limit the parties to the company FOR TAX PURPOSES (only). The deed should also be considered as it may define a specific limit to a "potential" beneficiary. eg a person who falls under the general class of beneficiaries who is a DIRECTOR etc may be OK
     
    Paul@PAS, 22nd Jan, 2021
    #22
    JohnPropChat likes this.
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