All Topics / Legal & Accounting / discretionary trust queries

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  • Profile photo of DannyDanny
    Participant
    @danny2015
    Join Date: 2015
    Post Count: 2

    Hi people,
    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,
    Danny

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Danny

    Simple answers:

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of DannyDanny
    Participant
    @danny2015
    Join Date: 2015
    Post Count: 2

    Hi Richard,
    Thanks very much for the reply…
    In response to 1) – I feared as much.
    As for 2) – that’s some good news at least.
    Best regards,
    Danny

Viewing 3 posts - 1 through 3 (of 3 total)

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