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

Owning shares through a trust structure, page-10

First 10 Last

Share
Profile

Follow
bevter

26,651 Posts.

1330

29/01/18

23:06

Post #: 30646384
Share

Originally posted by The outvestor ↑

The main cost would be accounting fees. That can range depending on what city you live and the type of accountant you go to. In terms of set-up, there a few options to choose from. You could buy a standard trust deed online (type into google and see hundreds of providers) for about 160 or you get a lawyer/accountant to do it for anywhere from 300-800. In terms of difference, I would say your online trust deed is a very bare bones one size fits all deed. A lawyer would probably argue that for the extra price you are getting a legal document that will stand up better in case of disputes DYOR on what is right for your situation. Ongoing accounting fees can range, a small accounting firm will probably charge 3k a year to prepare financial statements and a tax return for you. Maybe half that if it is a small trust with little to no activity. So with that being said, the question then becomes am I making enough to even save 3k in tax. For the average punter probably not.

Expand

Is it compulsory to use an accountant for Trusts?
Upvote

Reply

Top Stories

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

First 10 Last