AJML Accountants Update – Guide on Trust Part 10
13 December 2022Bamford v. Commissioner of Taxation: The Bamford decision highlighted the fact that the amounts on which a beneficiary is assessed for tax do not always match the amounts they are […]
AJML Accountants Update – Guide on Trust Part 8 Tax Return
Guide on Trust Funds – Part 8 Family Trust income One of the key benefits of a family trust is that the trustee can distribute income earned by the trust […]
AJML Accountants Update – Guide on Trust Part 5 – Terms
Guide on Trust Funds – Part 5 The trustee(s) The trustee is the legal owner of the trust property, although not the beneficial owner, and is responsible for managing the […]
AJML Accountants Update – Guide on Trust Part 4
Guide on Trust Funds – Part 4 Estate planning Since the assets of a trust are not owned by any one beneficiary, the beneficiaries cannot deal with those assets or […]
AJML Accountants Update – Guide on Trust Part 3 – Set Up
Guide on Trust Funds – Part 3 Bank account After the deed is executed, the trustee should arrange for a bank account to be set up as soon as possible. […]
