Category Archives: Trusts

Streaming trust capital gains and franked distributions: An overview

The ATO has stated that a trust’s capital gains and franked distributions can, if not prevented by the trust deed, be streamed to beneficiaries for tax purposes by making these beneficiaries “specifically entitled” (more below) to the amounts. This allows … Continue reading

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The process (and pros and cons) of “electing” to be a family trust

Trusts are an important and very useful concept for managing one’s financial affairs, as well as estate planning. Atrust is established whenever there is a separation of the legal ownership (for example, the name appearing on a land title) from … Continue reading

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Trust essentials

Trust structures and their use can often be misunderstood – we demystify some of the jargon. WHY USE A TRUST? Trusts are commonly used to protect assets, as property and other assets that are held by a trust have a … Continue reading

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Trusts 101: What are they, and how do they work?

One of the big motivations for considering using a trust will be to protect assets. Property and other assets can be moved into a trust for protection from creditors, to maintain an estate until a beneficiary becomes old enough to … Continue reading

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Trusts: Their use and their structure

A major motivation for the setting up of trusts is asset protection. Valuable property and other assets can be moved into a trust to isolate them from being exposed to litigation, for example, for protection from creditors, or to maintain … Continue reading

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Choosing the right business structure

Start up businesses need to make one important decision from the outset – what type of business set- up will suit you best? You’ve got a choice of four basic business structures – sole trader, partnership, company or trust. Of … Continue reading

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Streaming classes of trust income

Various aspects of the tax law relating to trusts have been the subject of long-term uncertainty. Some clarification was provided in the 2010 year High Court decision in the Bamford case, however the Tax Office indicated that the judgement of … Continue reading

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