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With McLovin on this. There may have been loopholes with trusts but a lot of them have been tied up over the years. Tax thresholds for minors for unearned income are essentially non-existant. Hybrid trusts have essentially been made illegal.In fact if you are using a trust structure for other reasons than asset protection, you are perhaps putting a big bulls-eye on yourself from the ATO.
With McLovin on this. There may have been loopholes with trusts but a lot of them have been tied up over the years. Tax thresholds for minors for unearned income are essentially non-existant. Hybrid trusts have essentially been made illegal.
In fact if you are using a trust structure for other reasons than asset protection, you are perhaps putting a big bulls-eye on yourself from the ATO.
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