NewsBite

Trusts

Advertisement
There has been a surge in the number of people using trusts to help manage their tax affairs.

Never mind negative gearing. Australians pushed $67b through this tax vehicle

The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.

  • Shane Wright

Latest

Locking your money away in a testamentary trust can cause problems for your beneficiaries.

Trying to ‘rule from the grave’? The trouble with testamentary trusts

Locking your money away in a testamentary trust can cause problems for your beneficiaries.

  • Julia Hartman
Family trusts cannot be used to reduce your assets and make you eligible for the age pension.

Can we get the pension if we transfer $1m to a family trust?

If your assets are well over the limit for the age pension, moving them into a family trust is unlikely to help.

  • Noel Whittaker
The Australian tax system is filled with bunchers – people who manage to adjust their taxable income just below particular tax rates.

A bunch of bunchers – how people tweak their income to sneak below the tax rates

New research has revealed Australia is filled with people who use trusts and other quirks to pick their tax rate as wage earners pay full freight.

  • Shane Wright
Deceased lawyer John Adams.

Coroner investigates death of lawyer under suspicion over apparent Ponzi scheme

Lawyer John Adams died just days before it was discovered that up to $100 million in clients’ funds had vanished.

  • Cameron Houston and David Estcourt
Marlene Engelhorn at a Millionaires for Humanity event in Amsterdam in August, where activists were calling for wealth to be taxed.

Marlene is inheriting millions. She wants the taxman to take it away

For more than a year, the 30-year-old heiress has been campaigning for tax policies that would redistribute her eight-figure windfall — and anyone else’s.

  • Emma Bubola
Advertisement
Shadow Treasurer Jim Chalmers has ruled out introducing tax changes to family trusts ahead of the May federal election.

Labor abandons trust fund tax reform, shadow treasurer confirms

Shadow treasurer Jim Chalmers said the only tax increase being pursued by Labor now is on multinational companies, which is also a Coalition policy.

  • Rachel Clun
Labor leader Anthony Albanese.

Albanese to target global companies in tax slug

In a clear sign he will unveil tougher tax rules, Labor leader Anthony Albanese named multinational companies as a group that could pay more tax.

  • David Crowe
Dividends worth $1.85 billion have been withheld from Hope Margaret Hancock Trust beneficiaries such as Bianca Rinehart.

Rinehart family dispute puts $2b dividend bonanza on hold

Gina Rinehart's battle with her children over the management of a multibillion-dollar family trust is holding up almost $2 billion in mining dividend payouts.

  • Colin Kruger
Forestry schemes.

IOOF legal loss exposes it to tens of millions in compo

An IOOF trustee company has been found liable to pay compensation to thousands of investors for breaching its duties.

  • Adele Ferguson

Original URL: https://www.brisbanetimes.com.au/topic/trusts-hvu