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I'm going to be starting a business that will at some point be paying out dividends.It's been suggested that a good way to minimise tax will be to set up a family trust and pay dividends to the beneficiaries.

Has anyone on the forum done this that can give me some advice about the details.

Thanks

 

 

Grant

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Hi roger, thanks for the reply

did you use an accountant to set it up or did you do it yourselves, I've seen an online site where it seems you can do it yourself.

 

Where there any pitfalls that you encountered?

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Unfortunately I'm in NSW so I'll have to find someone a bit closer to home but thanks for your replies Roger

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Happy to help. I use a family trust with a corporate trustee for my interest in our tax practice, and we set up the same for our business clients (where appropriate).

 

Send me a PM or complete the details at this webpage if you'd like to discuss:

http://www.gmtax.com.au/contact/

 

Agreed that this is a structure that isn't generally encountered in the UK - for good tax reasons - but is commonly used in Australia, again for good tax reasons.

 

Best regards.


Managing Director, Go Matilda Visas - www.gomatilda.com

Registered Migration Agent Number 0102534; Registered Tax Agent (Australia)

Chartered Accountant (UK, and Australia)

T - 023 81 66 11 55 (UK) or 03 9935 2929 (Australia)

E - alan.collett@gomatilda.com and acollett@bdhtax.com

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