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So $19 divided by $70 = 27%. The taxpayer's $100 income has been subjected to 30% + 27 % tax. ie 57% when the top rate is 49%. OUCH. And some people want trusts taxed like companies... Wow. I was unaware of this. Ouch alright! Thanks for clearing this up for me. Nath

Hi Terry, Im new to this and seem to have stuffed up my last message to you. I quoted your message but I somehow included my questions to you inside the quote. Could you please have a look through to find them. Nath

Can you please explain this further Paul? I was under the impression the money can only be taxed once. When this is through a company it is at 30% and then directors and or share holders take the remaining profits without paying more tax? Nath

Thanks heaps Terry, you're a wealth of knowledge!

Hi guys We are just starting out with our investment journey. My wife and I currently own two dwellings (a duplex property) in Joint Names. (in QLD) We are now planning our investment strategy and want to get our structure right the first time. I do have a good accountant but just wanted...