- DannyParticipant@danny2015Join Date: 2015Post Count: 2
I have a couple of preliminary questions regarding discretionary trusts:
1) Is it possible to move investment property assets (owned individually in VIC without a mortgage) into a trust without triggering capital gains tax and stamp duty?
2) Can the beneficiaries receive trust income more frequently than once a year (ie to pay for their living expenses)?
Thanks in advance,
DannyRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
1) No it is not possible.
2) Yes they can receive it daily if the Trustees agree however is going to depend on the profit that is made.
Yours in Finance