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65.5¢ general mining corporation limited

1000% profit party !!!, page-19

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pootietang1986

4,342 Posts.

01/06/16

12:51

Post #: 17922870
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Originally posted by stardestr0yer ↑

That is why you are best off holding shares in a family trust... Make yourself teh trustee and you can add people as you like. If she is a beneficiary, she can claim all the income and you none of it where it makes sense to do so. very beneficial when you have kids as well... especially those that are working age and may not have a job yet.... So if you earn say 50k in profits and have 2 young teenagers who do not work, you can assign 25k to each of them and as such they will pay minimal tax.

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thanks mate, great idea!!

Good luck

GMM Price at posting: 78.5¢ Sentiment: None Disclosure: Not Held
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