Trusts
13. Taxation of Trusts
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 23 Sep 2015
- Taxation is a very complex area of law and the relative tax advantages and disadvantages of a trust structure can vary with even a small change in personal circumstances including a change in:
- business purpose;
- investment types;
- the type of assets held by the trust; and
- any acquisition of new property.
- The following is intended as a guide only. It is strongly recommended that you consult a lawyer and a financial adviser who can provide guidance on your specific business needs and the best structure for effectively dealing with tax.
- Generally the property of a business trust will be used to create income and to obtain capital gains. This creates certain tax obligations for the trustee and beneficiaries.
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