Hi All.
Just joined this site recently and am finding lots of usfull info. However..
How does a trust actually work to reduce tax?
What do I do before June to reduce my tax?
Am buying my first +vecf property in Cairns. Also looked at the Lifestyle/retirement units in brisbane…. now totally confussed. any freah thoughts?
Thanx.
Happy Huntimg [chill]A discretionary trust can stream the income and/or capital gains to any of the beneficiaries. So you, the trustee, distribute to the lowest income earners first saving tax.
Be aware that the beneficiaries will have to declare this income in their tax returns and the money belongs to them if they decide not the give it to you.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | 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
Thank you Terry
Regards
happy hunting[chill]
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