If any of the above sounds like something that you are trying to achieve through investing or business, then creating a trust structure individually tailored to your situation may be the perfect strategy for you.
Trusts can be a powerful wealth creation tool, and have a large number of advantages which enable you to minimise tax and risk at the same time.
Some of the advantages include:
- Asset protection
- Flexibility in whom to distribute profits to
- Capital gains tax discounts
- Small business discounts
- More potentially allowable deductions
- Ability to pass on assets to children without capital gains or stamp duty issues
There are different types of trusts available, each with their own advantages and disadvantages depending on what they are to be used for. GGA can advise on which trust structure will be best suited to your needs now and ensuring the trust you choose can grow with your changing needs in the future.