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MY suggestion was for a clean Pty Ltd company with a purpose as...

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ziyou

732 Posts.

06/08/18

10:01

Post #: 34739166
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Originally posted by madamswer ↑

"Zoid, IMO , if you are in Australia , trade through a company , a Pty Ltd, and nominate yourself a trader not investor, you won;'t have to keep as detailed records ,ie capital gains ,12 months etc, and in a Pty Ltd you can leave profits in there at ,I think its now 27.5c tax and pay yourself a wage if you want, you can distribute profits to shareholder (s) as you you see fit."

If the company is a "bucket company", i.e., it is not an operating business, but exists purely for the purposes of profiting from investing activities, then my understanding is that it will not qualify for the reduction in the tax rate, in line with other small enterprises.

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MY suggestion was for a clean Pty Ltd company with a purpose as a share trader, no trust. IMO no need for a trust in this situation.
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