Trust solutions
Trusts have been and continue to remain a key vehicle for structuring family businesses. However, ever evolving taxation laws, family and succession issues and business conditions and cycles can inadvertently turn this flexible and effective structure into a tax and legal minefield.
Trusts are highly specialised legal entities and at times they require specialised legal care and attention. We are specialists in:
- Reviewing and updating trust deeds
- Preparing specialised resolutions to optimise tax outcomes for business transactions and events in accordance with the trust deed
- The complexities of the small business CGT concessions applying to trusts
- Vesting risks and the CGT and income tax implications
- The specialised duty rules applying to trusts
- The risks of breaching trustee powers and the potential to invalidate distributions and transactions
Sometimes trusts outgrow their usefulness. We have significant expertise in:
- Restructuring and “corporatising” trusts and their business
- Using CGT rollovers
- Vesting trusts