Family trusts are an ideal choice for families with multiple investment assets or for small businesses.
We will assist you in understanding how they work and your obligations so that you can maximise tax savings!
If you are running a Small Business, having a trust in the structure gives you access to many tax concessions = tax savings!
Having a trust might sound like something too complex and daunting so we will help you understand how they work and provide support every step of the way.
We assist Australians leaving or returning home or expats moving to Australia with international trusts.
The residency of a trust follows the trustee and if that is you, your trust's residency may follow you to your overseas location or to Australia.
When this happens, the tax savings that you received before the change of location may no longer apply.
We often find overseas trusts may need to be restructured to ensure negative tax consequences do not arise in Australia.
We begin by asking you to summarise your financial situation including your assets and investments, how they are owned and your financial goals.
We will set up a Zoom, Teams or Conference call to discuss your individual circumstances and highlight tax opportunities, strategies and risks which may be relevant to you.
We will prepare a written summary covering the main issues discussed in your meeting and highlight any additional work that may be needed or actions that may need to be done to put yourself in the best possible tax position.