Recent content by dragonface

the point of the question is ?why not? skimp on filing fees? What are the implications and disadvantages? Thanks

Hi all, A question for the trust experts here. Can a company be trustee for more than one discretionary trust? What are the implications or disadvantages of this? One advantage is administration and cost, any others? Thanks guys

Does it make difference if General maintain or improvement? Can you claim one as an expense in one year vs having to deprecate over years? Clearly expensing in one year is more beneficial if income is well above cut off for top tax rate Thanks

Hi all, Can a corporate beneficiary of a discretionary family trust contribute capital back to the same trust. I have disc family trust with FTE distributing all income to a company, can the company contribute capital back to the trust after paying the corp tax 30%? Are any suggestion...

Hi all I have set up a family trust with a corporate trustee and have applied for an ABN. ato has sent back an Australian business register with an ABN but it is addressed to " the trustee for ABC trust" and the Business name: " the trustee for ABC trust" Is this correct? There is no...

Yes, Family trust election has been made. Hence the need to distribute individuals who do not qualify in "family member group". I understand that I can distribute to any company if nominated when the family trust election is not made but if it is election is made, what is the criteria for a...

Thanks Paul, Yes mean discretionary trust. If the criteria is that the deed empowers companies which bear some defined relationship to a principal then couldn’t company beneficiary structure be used to distribute income/gains to individuals that do not meet “family group members”? For...

Hi all, I am new here, great and insightful forum. Need some help with a family trust question. Can a family trust distribute to a company? If so what criteria needs to be met by the beneficiary company? i.e. does a family group member need to own all the shares in the company or some...