Xmas gifts using a Trust

[mitch.mia]

Hi All

I have been reading with interest on the ability, amongst other things, to purchase gifts for beneficiaries of a trust.

With Christmas approaching, do people utilise this option and if so, how much can you spend, and how is it recorded and funded?

Cheers


BTW - Merry Xmas to all

 

[Welcome]

I am interested in this too, it is a trick mentioned by Dale GG in trustmagic and wonder if the ATO would have any sort of limit on it.

Say if someone gifted the trust $10,000 what would be considered a reasonable amount for gifts in one year? $50? $500? $5000? Are there any PBR's which confirm or deny this benefit?

Cheers