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
23 03, 2018

Distributing assets from a family trust to a beneficiary – no stamp duty in SA

2018-03-28T05:54:33+09:30

In South Australia it is possible to transfer a property from a family trust to a beneficiary without stamp duty. Find out how.

Distributing assets from a family trust to a beneficiary – no stamp duty in SA2018-03-28T05:54:33+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
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