I think you have got this wrong, I use a Pty Ltd not a trust....

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    I think you have got this wrong, I use a Pty Ltd not a trust. buying shares in a Pty Ltd (or trust) the shares become an asset of the entity, when you dispose of them any income(profit) is assessable in the year you dispose of them. Purchase of further shares is not tax deductible, only the cost of purchase ,ie brokerage. Purchase of further shares just means you may not have any cash available for tax payments. There. are a number of providers for Pty Ltd companies , I used to use Shellco, not sure iof they are still around.
    I have declared to ATO that the company is a trader nit an investor so profits are treated as income not Capital gains and are taxed at company rates. You probably should get advice from an accountant on this though IMO
    Last edited by ziyou: 05/01/24
 
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