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01/04/17

18:54

Post #: 23792115
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Originally posted by TechSF ↑

Hi guys

I have a trust set up for a business of mine. My wife and kids are also listed on the trust.
I recently purchased shares in my personal account (not through the trust).

When it comes to selling my shares, will I pay less tax on the profit if I had purchased them through the trust account? As opposed to selling them through my personal account.

Benefits with purchasing through the trust fund would be: (correct me if I am wrong)
Ability to claim the tax free threshold for all family members listed on the trust
Ability to send money to all family members super accounts

Is there a different tax rule for buying shares in the trust? Eg: do the same CGT rules apply
Someone mentioned to me that if the are sold for a trust, you pay corporate tax instead of CGT. They mentioned corporate tax was 20%. Is that correct? Or pollywaffle?

I will be transferring to the trust for the above listed benefits, but wanted to hear from more experienced investors regarding this issue.

Any insight greatly appreciated!

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CG tax applies to trust as per an individual- you will get a 50% discount on shares held more than 12 months
Each year profits have to be distributed to beneficiaries
They will then have to pay tax on their marginal rate
No " corporate?? " tax is 20 %
The best you can get is 30 % if one of the beneficiaries is a company

No advice given here just what I think
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