20 04, 2020

What is the best way to hold an investment property?

2020-04-29T13:02:16+09:30

This is a big question. The answer is going to depend on a range of factors, but there are some general rules you can apply.

What is the best way to hold an investment property?2020-04-29T13:02:16+09:30
30 03, 2020

How to control a family trust when you die – our free downloadable Guide

2020-04-29T09:24:13+09:30

Download our comprehensive guide to controlling your family trust.

How to control a family trust when you die – our free downloadable Guide2020-04-29T09:24:13+09:30
21 05, 2018

What is Division 7A really all about?

2019-09-17T08:15:03+09:30

If you have a company then you have probably sat in a meeting with your accountant and heard the phrase 'that may raise Division 7A issues'. Everyone usually then grumbles and nodes wisely, and moves on...  But you may be asking yourself, 'what the hell is Division 7A all about?' Glad you asked.

What is Division 7A really all about?2019-09-17T08:15:03+09:30
4 05, 2018

My trust is expiring – can I get an extension?

2019-09-17T08:17:19+09:30

We all love our trusts, but unfortunately they don't last forever. They have an ‘expiry date’.  When you reach this date, the Trust ends and its property must be distributed to beneficiaries. Before this time you need to consider who will be entitled to the assets, and what tax and stamp duty liabilities may be triggered. You also need to see if the date can be extended...

My trust is expiring – can I get an extension?2019-09-17T08:17:19+09:30
19 12, 2017

What is an unpaid present entitlement or ‘UPE’?

2019-09-17T08:20:55+09:30

If you have a discretionary family trust, then chances are your accountant has mentioned ‘unpaid present entitlements’ or ‘UPEs’. No doubt you have just nodded wisely, but deep down, do you really know what this means?

What is an unpaid present entitlement or ‘UPE’?2019-09-17T08:20:55+09:30
7 11, 2017

Are trusts a ‘tax loophole’ exploited by the wealthy?

2017-11-14T08:23:39+09:30

People who say this are just demonstrating their ignorance. Here’s why. The ability to use a trust as a ‘tax loophole’ was pretty much closed out in the 1970-80s. To suggest that trusts somehow make tax disappear for the ‘wealthy’ is plain silly.

Are trusts a ‘tax loophole’ exploited by the wealthy?2017-11-14T08:23:39+09:30
28 02, 2017

‘UPEs’ and ‘FMDs’, and your estate planning

2017-11-17T17:05:45+09:30

What is, and what is not, in your personal estate? This may sound like a academic question not worthy of a lot of thought. However, if you are in estate planning mode, it is critical that you answer this question correctly.

‘UPEs’ and ‘FMDs’, and your estate planning2017-11-17T17:05:45+09:30
16 02, 2016

What is a ‘bucket company’ and when do you need one?

2017-11-18T08:33:50+09:30

The concept of a 'bucket company' is used to describe a company into which distributions from a discretionary trust are made to cap the tax rate on the trust's income to the flat company rate of 30%.

What is a ‘bucket company’ and when do you need one?2017-11-18T08:33:50+09:30
16 01, 2016

Can the trustee of your discretionary ‘family’ trust make a distribution to itself?

2019-04-02T11:59:16+09:30

The short answer is that it depends on whether the trustee first falls within the class of potential beneficiaries, and then whether the trustee is specifically excluded from benefiting.

Can the trustee of your discretionary ‘family’ trust make a distribution to itself?2019-04-02T11:59:16+09:30
11 06, 2015

Can you benefit from a trust you have made a gift to?

2017-11-18T09:08:33+09:30

We were asked the other day if there is anything stopping a discretionary trust making a distribution to someone who has previously made a gift to the trust. This may seem like a simple question, but it isn't. As you will probably be aware, most (if not all) trust deeds in Australia exclude the person [...]

Can you benefit from a trust you have made a gift to?2017-11-18T09:08:33+09:30
20 05, 2015

What is a Special Disability Trust and why would you need one?

2019-01-18T08:04:06+09:30

A Special Disability Trust (SDT) is a special type of trust that allows parents and immediate family members to plan for current and future needs of a person with severe disability. The trust can pay for reasonable care, accommodation and other discretionary needs of the beneficiary during their lifetime.

What is a Special Disability Trust and why would you need one?2019-01-18T08:04:06+09:30