PIA Calcs for Properties Purchased by Trusts?

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From: Gordon Austin


I assume the PIA software can also be used to do the calculations for properties purchased through a discretionary trust. Is it just a matter of changing the marginal tax rate or are there other settings that need to be altered?

Thanks in Advance - GA
 
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From: Webmaster (Somersoft)


Certainly the tax credits for any entity such as a discretionary trust can be estimated and simulated by PIA by either using the appropriate marginal tax rate or by specifying an alternative tax scale (Settings Menu/Tax Scales) for that entity. I do not think that there are any cash flow differences to worry about, but there may be differences in any CGT calculation.
 
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