"Having a co as beneficiary allows the trustee to flow profits...

  1. mistyrains
    36,517 Posts.
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    15/08/08
    14:25
    Post #: 4114565

    "Having a co as beneficiary allows the trustee to flow profits into a 30% taxable environment."

    I don't think a company can be an ultimate beneficiary, meaning it stops there. It will be money well spent to seek professional advice on the tax issues involved; seek the advice of a tax accountant, he/she should be able to clarify the tax issues involved.

    Just my opinion, not an advice.

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