Fair dinkum the LIHC cut off is about $49,000 for a couple with...

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    Fair dinkum the LIHC cut off is about $49,000 for a couple with no dependent kids. In a trust you would need to make sure you are not the attributable individual for social security rules (a total loss of control). Therefore you would need to hand control of your trust fully to someone else (an adviser would not suffice).

    I'm not an expert on trust's, but is it possible for the trust or business entity to be the owner of a vehicle?
    Thus technically the vehicle isn't owned by an individual, and therefore a deduction against that years earnings.

    Making the business earning look poorer then it actually should be - the vehicle being used as an instrument to reduce the amount for distribution to participants in that financial year.

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