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Trusts

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The ATO certainly received a lot more of her parents’ estate than the daughter.

How a simple mistake cost this taxpayer $200,000 in inheritance

Good record-keeping of your tax affairs has always been important, illustrated by this taxpayer who thought she was just doing the right thing by her parents.

  • Julia Hartman

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With more than 1 million trusts operating in Australia, is it time to weigh up whether a family trust is right for you?

More than 1 million Australians have a family trust. Should you too?

With more than 1 million trusts operating in Australia, is it time to weigh up whether a family trust is right for you?

  • Helen Baker
Don’t assume your trust is an impenetrable shield, as family courts in Australia have significant powers to look behind a family trust’s structure.

Going through divorce? Don’t assume your family trust is impenetrable

In the messy aftermath of a relationship breakdown, be warned that the courts are not shy about tackling family trusts.

  • James Steel
Marija Ercegovac

Interactive: See how many trusts your MP has

Our MPs are better paid and own more property than the average person. They are also more likely to use trusts.

  • Shane Wright and Cindy Yin
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
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
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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

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