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Trusts & ATO Reply: 2.1.1 From: Paul Zagoridis This is a big difference between the ATO wanting it and it happening. Most family farms in the country are held in Family Trusts. So it's not easy to tax them unfairly. The latest changes were scrapped because they penalised discretionary...

Reply: 2 From: Paul Zagoridis Trusts are not a legal person, they cannot hold property in their own right. The trustee holds property for the beneficiaries. Renton's book is quite good on the background. However like most of his writing he is too "by-the-book" for my liking. He even wrote a...