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Longrass...A trust that fails to distribute profit to a beneficiary pays a tax rate of 47%. If the trustee distributes to a "bucket company" thinking it saves tax then the final tax rate can be closer to 59%..... 59% results this way.... Co tax rate is 30%. But a shareholder has to receive...

Or its assessed to Trustee at 49% ??? Bucket company strategies often dont work. They sound like a tax saving but often fail. Full and final tax using a company likely to be 59%....Dividend strategies need to consider this.

And on top of the issues indicated by Terry there are all the GST issues. 1. GST on the sales...This comes straight off profit margin. You cant charge more for a prop that includes GST. 2. Margin scheme entitlement / benefits ? 3. GST claimed on costs - Not 100% !! 4. Financing issues assoc...