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To Trust or Not to Trust?

We’ve all heard of Trusts but what are they in practice? Do we need them? Is there only one type of a so called Trust?

This post will look at Unit Trusts – only one of the variables within the Trusts’ umbrella.

A Unit Trust is a trust in which the trust property is divided into a number of defined shares – units. Beneficiaries subscribe to these units. A beneficiary is then entitled to the income and capital of the trust in proportion to the number of units they hold.

So why a Unit Trust? – Beneficiaries interests are clearly defined, can be easily transferred and can be reacquired by the trustee. Also important to note that trusts by nature, don’t have the highest form of regulations as company structures do. […]

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Copyright © 2021 Fletcher Tax Accountants · Call us on 02 9880 7892 · Post to us at PO Box 170 Lindfield NSW 2070

Lindfield Accountant | Tax Services | Tax Compliance | Business & Accounting Advice | Tax Planning | Payroll, Bookkeeping & Software | Small Business Tax Blog

Accountant servicing St Ives, Roseville, Frenchs Forest, Killara and other Sydney Metro suburbs.

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