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Ergo Totally different analogy. I didn't say trusts have had their day I said HDT's have had their day. The changes to trusts might not stop people having children it will however force them to rethink their structure if it was established to primarily take advantage of distribution to minors...

JIT I'm sure with Christmas coming up you will probably be waiting a long time for a response.

JIT Why bother ? If you want clarification then you seek a private ruling. HDT's have had their day now with the changes to superannuation, changes to land tax, etc. So why would Chris who runs a business waste his time applying for something that is pretty well dead in the water now.

You have a bad experience with a hybrid piston ? Or a lawyer screw you over ?

Oh what a disgusting thing. Surely they should have rebated all the commissions back to the individual, offerred free advice, organised meetings and paid for the coffee and biscuits free of charge. Terrible thing for them to be making money at the expense of the poor home owner. What a great...

I am always amazed at the number of accountants who prepare trust minutes as opposed to resolutions.

Yes very similar to writing a letter saying "hi its gina rinehart here just wondering if I can get a copy of my tax return. Rose seems to have stolen the damn thing"

Chris Hopefully the individual will memorise this quote from Sir Walter scott "oh what a tangled web we weave, when first we practise to deceive"

PistonBroke Like a lot of things when it comes to tax the rules are always changing. Take Julia's recommendation that husband and wife purchase a property 1/99 and enter into a salary sacrifice arrangement for the interest. Was ok until the government changed the rules. Then came along...

Other strategies, if you have the relevant funds, might be to establish a Hong Kong based trust. There are the tax issues to deal with but it is a way of staving off the hyneas for a period of time or making the pack go away because things are just too hard. Hong Kong does not have a foreign...

Under S121 in order for the transfer to be void the main purpose must be to prevent the transferred property from becoming divisible among the transferor' creditors or to hinder or delay the process of making property available for division among the transferor's creditors. Now what if the...

Chris maybe you can help me. I am slow and dim witted at times (many times) so maybe missing something here. Much is made of the fact that units in a unit trust are available to the creditors on bankruptcy. Fair point. I have no issues with that. The same issue is raised with respect to...