5 reasons why Australians love trusts

There are more trusts and superfunds in Australia than companies – almost 40% more! 80% of all trusts, apart from superfunds, are discretionary trusts, also known as family trusts. Find out why Australians love trusts, particularly family trusts / discretionary trusts so much.

Hint: it’s got something to do with tax…

Timestamps
0:46 What exactly is a trust?
2:15 Reason 1 - Privacy
2:50 Reason 2 - Asset Protection (gold diggers)
4:03 Reason 3 - Less compliance
4:25 Reason 4 - Flexibility (and ruling from the grave)
5:39 Reason 5 - Tax planning (aka legally avoiding tax)
5:54 Income splitting example
6:52 Streaming example

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DISCLAIMER: Every effort has been made to ensure that the information provided in this video is accurate. But the information is intended as a general guide only, providing an overview of general information available for accountants and tax practitioners. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where appropriate, seek your own advice for any legal or tax issues raised in your business and tax affairs.

#discretionarytrust #familytrust

Видео 5 reasons why Australians love trusts канала Tax Nuggets Academy