https://www.propertyinvesting.com/members/merca/activity/ Activity feed for Merca. Mon, 13 Apr 2026 06:35:51 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f272d30da2bcb9ffceee0610f27ea942 https://www.propertyinvesting.com/topic/4402075-foreign-settlor-family-trust/#post-4637399 Fri, 10 Dec 2010 04:16:42 +0000 What about changing the domicile (don't know the correct term) of the o/s trust to Australia from the o/s country? That's effectively the objective – allow existing trust funds to be used to invest in Australian property, without first distributing them and then re-settling them in a new trust, during which process there seems to be tax/legal…[Read more]

]]> 7d3ac4057789925fa1f018c9dd9d8f34 https://www.propertyinvesting.com/topic/4402075-foreign-settlor-family-trust/#post-4637395 Wed, 08 Dec 2010 13:39:39 +0000 I should have provided all the background details at the start :Funds have accumulated in the overseas trust, over a period of 10 years. Its a discretionary trust, in a tax haven, so is not subject to any taxes on income or distribution. No party to the trust has had any connection with Australia, and the trust income also has no link to…[Read more]

]]> 36f8202d02f23281a8e7e49a3c4b94eb https://www.propertyinvesting.com/topic/4402075-foreign-settlor-family-trust/#post-4637393 Mon, 06 Dec 2010 04:19:10 +0000 TerrywIf the overseas trust gifts the funds to the local trust, is this not income to the trust and accordingly taxable in Australia? RegardsMerca

]]> 436cbf0ce7f0362925d0e15e0796029e https://www.propertyinvesting.com/topic/4402075-foreign-settlor-family-trust/#post-4637391 Sun, 05 Dec 2010 13:56:15 +0000 So if I understand correctly, it should be something like this :Joe Blow settles the trust locally with $10. There are only local beneficiaries.  The overseas trust still has the cash funds.How would the overseas trust introduce funds into to the local trust – by way of a loan? I guess any other method (donation?) would have tax implications for…[Read more]

]]> 1a6f4261b8f46d96a67e92b51b22c379 https://www.propertyinvesting.com/topic/4402075-foreign-settlor-family-trust/#post-4637388 Sat, 04 Dec 2010 13:50:31 +0000 Thanks for the input.The 'owner' of the assets (presently held in cash)  is a foreign trust. Would the trustee be able to settle an Australian trust with these assets? Would he have to be present in Australia to sign the trust deed? This overseas trustee would have no further connection with the new trust, neither as beneficiary nor as trustee,…[Read more]

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