Hi Everyone,
Thanks to Dale, I have my family trust already set up. However, I went to a seminar today and the speaker was talking about that the 50% capital gains discount does not apply to family trust.
Is this true? I was under the impression that a family trust with a private company as trustee do have the benefits of the 50% capital gains discount when it sells a property after holding it for 1 year.
Thanks
Henry.
Thanks to Dale, I have my family trust already set up. However, I went to a seminar today and the speaker was talking about that the 50% capital gains discount does not apply to family trust.
Is this true? I was under the impression that a family trust with a private company as trustee do have the benefits of the 50% capital gains discount when it sells a property after holding it for 1 year.
Thanks
Henry.