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Trusts

ATO fires warning shot on trust distributions

The ATO has issued a warning about trust distributions, urging trustees to review and comply with their trust deeds. Learn the key areas of concern and how to avoid penalties by ensuring your trust distributions are valid and properly managed.

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 ATO fires warning shot on trust distributions
( Posted in: Tax )

Trust Planning This Year Needs To Be Done Carefully

In order to prepare your trust for the end of the financial year, there are multiple obligations that you need to fulfil as a trustee. Planning for your trust’s future is just as important as tax planning or business planning, so it’s encouraged that you take an active role.

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Trust Planning This Year Needs To Be Done Carefully
( Posted in: Tax )

Kids Over 18 in a Family Trust | Distributions

Pat Mannix talks about the distribution and tax changes that occur within a Family Trust once a child is over 18 years old. Check out this informative short video.

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Kids Over 18 in a Family Trust | Distributions
( Posted in: Tax )

The ATO’s Attack on Trusts and Trust Distributions

Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach.

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The ATO’s Attack on Trusts and Trust Distributions
( Posted in: Tax )

Estate Planning & Land Tax

Deceased estates and Stamp duty - the transfer of property in accordance with the terms of a will or codicil is subject to stamp duty unless an exemption is available and section 42 of the Duties Act in Victoria exempts certain transfers of dutiable property where ...

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Estate Planning & Land Tax
( Posted in: Living Estate Planning )

Trusts & Estate Planning

A trust is a separate legal entity which holds assets, such as property or cash. and have a number of advantages, particularly from an asset protection perspective. They are very popular structures which are often set up by people during their lifetime.

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Trusts & Estate Planning
( Posted in: Living Estate Planning )

5 Investment Property Ownership Structures – Trusts

There are 5 major ownership structures in which you can hold investment properties, and each one has its pro’s and con’s. My fourth article delves into a slightly more complex ownership structure of a Trust – an excellent structure for tax and capital protection.

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5 Investment Property Ownership Structures – Trusts
( Posted in: Investment Property )

Family Trust Distributions to Children – THE IMPORTANCE OF PLANNING

Family trusts have many advantages, one of these being the ability to distribute business profits to your children. This is a popular strategy which can be used to reduce your overall tax liabilities at year end.

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Family Trust Distributions to Children – THE IMPORTANCE OF PLANNING
( Posted in: Living Estate Planning )