All Topics / Legal & Accounting / Accessing Capital Gains From a Trust
Hi,
I have a hybrid disc. trust which has made a significant profit this year. However I want to distrubute that profit to person X before the end of the financial year ie. End of June.
Is there any problem doing that? Of course the tax will still be paid come July on the capital gain, but person X needs access to the profit now.
Btw I am the trustee of the trust.
Cheers
Robert
I’m not an accountant but my understanding is that there would be no problem distributing the capital gain now.
I beleive that is how it works!
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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