What is a Trust?
A trust in its simple form has a settlor, a trustee, and beneficiaries. The settlor sets up the trust. The trustee manages the trust property (investments, assets, etc.) and pays out any net income for the benefit of the beneficiaries.
Regardless if you are in business, trade stocks, Forex, CFDs, futures, etc. invest in property or shares, or are an internet marketer, at 21ST Century Accounting we make sure that you pay the least amount of tax you have to by setting up trusts, companies and/or superannuation funds.
With trusts, we set you up in a family trust or unit trust, depending on your situation.
At 21st Century Accounting we can show you how an average family who does stock trading, or internet marketing (for example), can reduce their tax bill by as much as 75% or more by using a family trust!
We can also ensure that you are claiming the MAXIMUM AMOUNT of deductions you are allowed to in your company and trust.
You may be able to structure your purchases and other arrangements to save literally thousands of dollars of tax (eg. Employing yourself through your company or trust).
Getting it right at the beginning is critical, we will ensure all areas of your Trust is set up effectively and correctly
To find out more about the expenses you can claim:
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Our deeds are designed to operate within the field of asset protection and tax minimisation. Our deeds are of the highest quality and conform to relevant legislation and statutory requirements.
Discretionary trusts are drawn up to provide the maximum flexibility in the way the trust is run. Income can be streamed and you can establish a limited or extensive number of beneficiaries
Unit trusts offer a similar degree of flexibility, with four different unit classes included in the unit trust deed.
Trusts are the best structures to do business, especially stock market trading or property investing.
TRUSTS HAVE SOME WONDERFUL ADVANTAGES:
- A trust has no set tax rate. You can give the trust profits to the persons or charity who is paying the lowest tax rate. Or if everyone is on the highest tax rate, you can give the profits to your company.
- Discretionary trusts have great asset protection. Nobody owns the assets of the trust. The trustee holds the assets and the trustee decides who gets the profits and who gets the assets.
- Unlike companies, you are entitled to the 50% capital gains tax discount on any assets held for more than 12 months that you sell at a profit. This is a very important advantage for trusts that do hold real estate.
- Unlike companies, you can loan money out of your family trust. And you have no tax penalties.
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