Most people when they think of trusts think about the terms "trust funds" or "family trusts". In Australia, there are 3 common types of trusts, these are discretionary, unit and hybrid trusts. In this article, we'll be answering the question - what is a Hybrid Trust?To start with the basics,...
Category: Tax
What is a Unit Trust?
Trusts are a valuable tool that can protect assets and make things more tax efficient. This is especially so of unit trusts here in Australia; however, they can be complex to set up correctly. In this article we take a look at what is a unit trust, as well as...
What is a Discretionary Trust?
Trusts, and in particular Trust Funds, tend to conjure up images of young people driving around in Porsches and having never-ending champagne lunches. And while that may sound like heaven (Ooo, it really does), the reality for most people is that discretionary trusts (and other types of trusts) are valuable...
Staff Amenities vs Entertainment – What’s the difference?
If you were lucky enough to be working in the 80’s and 90’s, you may have enjoyed many a ‘business expensed’ boozy lunch with clients or staff members. And while those days are not gone for good, the rules, like the hairstyles of the era, have moved on. Today, as...
Gifting money & assets – What are the tax implications?
Let’s face it, everyone likes to give a gift to a loved one now and then. From some dollars in a birthday card, to a car for your son or daughter - the possibilities are endless. However, depending on the type of gift, and more specifically, to whom the gift...