Forum Replies Created
Thanks Terryw
I guess my only reason for including a company in the structure would be for the tax benefit. I'm getting pretty close to the 40% bracket and will likely hit it next year… In such a case, would it be beneficial to use a trust with myself and a company as a beneficiaries? I assume the company will only be taxed at 30%. Also, do companies get the benefit of imputation credits?
Does a company need to be set up to act as the trustee or is there a benefit there as opposed to being an individual?
Is there any way to transfer investments to a trust without triggering a CGT event – say a gift?
Will look into Guardian Partners.
Thanks,
EnigmaHi Guys
To continue this discussion, I have a few questions. I am thinking of setting up a trust to funnel my investment income. I'm looking for advice regarding:
1. The pros and cons of using the trust system vs. a company vs. investing as an individual. As background, I am single and do not hold any property, an Australian Permanent Resident and intend to invest long-term as opposed to trading. Basically looking for any tax advantages and possibly future income splitting.
2. How easy/difficult it is to transfer assets under my name to that of a trust. Further, what are the tax implications in this situation?
3. How would one go about setting this up? Can you recommend a good lawyer/accountant in Sydney?Thanks guys and appreciate all the help!
Cheers,
EnigmaEdit: I am looking primarily at a discretionary trust + company structure. Possibly looking to funnel income to the company and use the trust as a holding structure (for flexibility w/distributions in the future)
