Legal Tip 13: Do your trust resolutions before 1 July

Discussion in 'Legal Issues' started by Terry_w, 30th Jun, 2015.

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  1. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    This is a last min reminder that if trustees do not resolve to distribute income of a discretionary trust before 1 July then the trustee could be taxed on the income of the trust at the top marginal rate.

    Just an hour to go.
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Or back date the document?
     
  3. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    Not a good idea to commit a crime if you can avoid it. And if you do not a good idea to publicly expose yourself.
     
  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Best to avoid that no matter what the time of year