How Rich People Use Trusts to Pay Less Tax in Australia

Rich people invest their money very differently to what normal people do.
When it comes to finance and money, there are two things that you want to do:
1. Minimise your tax; and
2. Protect your investments

What a trust does is split the legal ownership of the assets from the beneficial ownership. Provided that you don't do this to specifically to defeat creditors and use a financial advisor to make sure that you're not committing tax avoidance, this is a very legal and very effective method at reducing income tax on property investment.

This video is for general education purposes only. Please speak to your advisor before making any financial decisions.

Видео How Rich People Use Trusts to Pay Less Tax in Australia канала Salmin The Accountant