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Trusts

Who owns the assets of a trust?

Who owns the assets of a trust?

It’s not uncommon for people to put assets such as their family home into a trust, particularly professionals working in litigious fields or family groups wanting to protect assets. So really, who owns the assets of a trust? A recent case highlights some of the tax...

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Timing of Trust Resolutions and TFN Reporting

Timing of Trust Resolutions and TFN Reporting

A consistent theme this tax time is over claiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is...

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