What are the advantages of a trust structure?
The main advantage of a trust structure is tax minimisation and asset protection. What are the main benefits of setting up a Company/Trust Structure? Our clients will be able to achieve the ultimate asset protection strategy where the trust and not the beneficiaries own all assets. There is no tax at trust level provided profits are distributed and a 50% capital gains tax discount will apply and flow through to beneficiaries. What are the elements of a discretionary trust? It is fairly involved but to explain the main characters in a discretionary trust: The Trustee is the legal owner of the trust property and not the beneficial owner. For example, when purchasing a property, while the property is registered in the name of the trustee, the trustee does not legally own the property. The property is held on trust for the beneficiaries. The trustee carries out all transactions of the trust in its own name and must sign all documents for and on behalf of the trust. The trustee’s overriding
