- Originally posted by hellman:
Trusts—
Best asset protection (IMO) if you get sued you can protect your assets (with a company as trustee it is very difficult for anyone to get your assets).The only way a good trust will loose an asset is from inside the trust eg. something happening in a house owned by the trust. Then the most you will loose is what is inside that trust only.
CATA
Asset Protection Specialist
[email protected]Originally posted by hellman:Pay 50% discount on CGT (so 15%)
Where do you get 15% from? The tax rate in this case is the beneficiary’s rate on half the gain. It would only be 15% if the beneficary was on a 30% tax rate.
Hybrid trusts can “transfer” (via ‘units’) the loss to personal incomeHybrid trusts cannot distribute losses. What they can do though is allow a high-earning individual to borrow in their own name and buy units in the trust, meaning the trust itself will distribute a profit.
GP
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