Hi Terry,You are confusing income with corpus. Any income of a trust that is not distributed at the end of the financial year will be taxed in the hands of the trustee at the top rate. So it pays to distribute!I dont know the correct terminology but I did say any profit left in the trust and not distributed will be taxed a highest rate.But any…[Read more]

Hi,My understanding is that any profit at all left in the trust at end of financial year will be taxed at the highest rate. This includes any stock you may have or any monies you paid off the principle of the property loan if you have a P&I loan. I recommend you get a interest only loan if the property is for investing purpose. All profit should b…[Read more]