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Diary notes...when you went, what you did etc.

Document that they are holding it in "Trust" for you and that you are the beneficial owner.

LMI over 5 years.

The Bamford case seemed to pretty well set the proportionate approach. However it leaves questions and its probably going to require more test cases to obtain full clarity or at least some degree of certainty by trustees.

Agree with Dan C, no tfn requirement for distributions to minors as a trustee has an obligation anyway to pay tax on behalf of beneficiaries with a disability (therefore minor i.e. under 18). As the low rate threshold applies I don't foresee a problem.

Generally a cash bequeath will be tax free. If in doubt you should get some direction from the executors and the trustees of the estate as they "should" know which assets of the deceased have been distrubuted and to whom.

A couple of things.... 1. The Oz tax system is a self assessment system. You prepare it yourself (or with the help of a Tax Agent) and the ATO accepts the return. Unlike say criminal law, the onus of proof is on you, the taxpayer! So just because you have prepared and lodged does not mean...

I vaguely remember some Direct Marketing guff from him in the late 90's. Can't say I remember much more than than that. :confused:

Taxation Ruling TR 2002/18 deals with circumstances that the ATO thinks are contrived.

An obvious way a State gov't finds out a house is being used for Income producing purposes is when the land owner registers for Land Tax and they don't claim the PPOR exemption.

There can be rollover releif for script for script.

You can change your Registered Office to your own if you like. As for the charge, its typically in the $120 to $200 vicinity, so yours id a bit cheap. EDIT STEEP, I MEAN"T STEEP ! Also if the Trustee coy is just a trustee coy (and not trading or a beneficiary) then ASIC filing can be $45...

Residential property is input taxed, so no GST anyway, so it doesn't matter. Generally don't hold property in a company - many threads on here regarding this.

Are you being moved at the request of an employer to take up a position where you will be "living away from home"?

Agreed...establishment fee is the least of your worries. Question: who has the loan, the Unit Trust or the Unit Holders?

I would be looking more at the asset protection side of things for your wife, as I don't see tax as the big issue for her. To that extent I would probably look at structures other than sole trader. If she is working as a therapist and is an employee rather than a "business" I would...

An SMSF that has tax credits, e.g. franking credits from (fully franked) dividends, will be able to offset those credits against its tax liability. If the fund is say in pension phase then it will get a refund of those credits - the trustee will already have accounted for those credits in the...

Not on Gold Coast, but up at Noosa - my ex boss from a few moons ago. PM me if you want details.

Be careful. The power to change a deed is another special area where you have to tread carefully. It may be easy to change but what are the consequences!?! Get advice that is specific to you and what you need.

Generally the loss of the 50% CGT discount is enough to deter most investors from using a company as an investment vehicle. If the property was commercial property that you use in your business then some changes to the Small Business CGT Concessions may help reduce the potential gain. BUT...