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gstroud

  • gstroud replied to the topic Trust ~ Income distribution in the forum Terry, you get into GST 17 years, 7 months ago

    Terry, you get into GST issues with just invoicing, and it is also pretty easy to spot a family member as a supplier by chasing the money trail. But yes, it is possible.

    A DT is the best way, but bear in mind the DT quarantines negative gearing inside the Trust.

  • gstroud replied to the topic renting of your own trust in the forum No Subject 17 years, 7 months ago

    All a Trust does is separate ownership from control. Any activities that can be seen by the ATO as tax avoidance will be harshly dealth with.

    The primary purpose of the Trust should be the Estate Planning and Asset Protection issues, with the tax benefits a “fruit for the sideboard” issue. Yes there is lots of fruit, but the ATO see right trough…[Read more]

gstroud

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