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Ausprop just found the stamp duty scheme that is legal.:cool:

Stamp duty - Maybe not. The practical issue is that if the Trustee is Dave Smith then if it merges the asset will be owned by...Dave Smith. OSR cant impose duty unless there is a change of owner. Sure its a change between the legal owner and a beneficial owner but the new legal owner is the same...

The accountant (Diamond) who was made the trust appointer knew what he was doing. To this day when I discuss trusts I use the expression "doing a Diamond" to describe the hijack of a trust. Courts wont challenge the appointors actions.

Trust merger. There is NO TRUST. A trust ends when the trustee of a unit trust and the sole beneficiary are the same person / company. The assets are now owned by the unitholder. A CGT event. A stamp duty trigger too (but OSR cant levy duty !!)This is an advanced tax planning strategy that is...