Australia's largest stock trading and investment forum Australia's #1 stock forum

Owning shares through a trust structure, page-4

First 4 Last

Share
Profile

Follow
aimone

30,403 Posts.

7

30/11/17

07:53

Post #: 29238101
Share

Originally posted by The outvestor ↑

Back in the day that was a very popular strategy. However the ATO got savvy to this about 4-5 years ago and introduced legislation to impose the highest tax rate for children under the age of 18. If you don't have suitable family members to distribute to and are on a high tax rate, one option is to take advantage of the 30% company tax rate by setting up a company and distributing to it. Ideally a franked dividend can be paid out of the company in future years when you are on a lower tax rate. If you're not experienced in this kind of stuff you would obviously need to see an accountant.

Expand

.
thank you
Upvote

Reply

Top Stories

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

There are more pages in this discussion • 49 more messages in this thread...

First 4 Last