Search results

The trustee must make the beneficiary 'presently entitled' to the payment for the distribution to be effective. This doesn't necessarly mean the payment has to be made, but that the money belongs to the beneficiary - who can then call on the trustee to make payment/demand payment at anytime...

This won't solve your problem as the 'bucket' trust will still hve income. Imagine you earn $50,000 and then lend me $50,000. You will still have to pay tax on your income of $50k. One doesn't cancel out the other.

ha ha. You are confusing capital costs with income. If you had income in a financial year and you bought shares what would happen? Read your trust deed, the trustee may have the power to accumulate income. But the trustee would be taxed on the top marginal rate. Another way may be to...