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New Tax? Debt-Equity Rules
One suggested structure for running a business is to have a separate company as trustee from the trading company, with shares in the trading company actually owned by your trust. The structure would be: Company XYZ (trading) Trust ABC (shareholder in Company XYZ) Company DEF (as...- Sim
- Post #12
- Forum: Accounting and Tax
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New Tax? Debt-Equity Rules
Ahh... a potentially tricky situation - I can see where the concerns would be. I hope you are getting some professional advice !- Sim
- Post #10
- Forum: Accounting and Tax
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New Tax? Debt-Equity Rules
Actually it should be quite easy to distinguish. A trustee company should not be a "trading" company. That is - it should not have it's own income or assets. Don't forget that the tax return is prepared for the trust, not for the trustee !- Sim
- Post #8
- Forum: Accounting and Tax