Tax Planning: Using a Bucket Company to Save Tax
A “bucket company” can allow you to “cap” the tax on profits distributed by a trust to 30% or 25%. This is less than the individual top marginal rate of 47%! If you have a Discretionary or Family Trust that generates profits, then this strategy could benefit you. Below is an example of how a […]
ATO Changes Rules on Trust Distributions
The ATO have released 4 tax rulings that will stop commonly used trust distributions to family members. It’s one of the most significant developments for the taxation of trusts in over two decades. As a result of these ATO rulings: Your options to spread your trust income across your family members may be vastly limited; […]
