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

53,877 Posts.

60

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

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

LIS

Li-S Energy the latest microcap to pivot to US defence market

LDX

Lumos Diagnostics surges 140% on major US contract deal

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Why are we red today? Because US CPI's at 3%

First 4 Last

SPONSORED BY