STRATEGY FOUR Trust Distributions Tax Planning Strategies for 2015.

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Presentation transcript:

STRATEGY FOUR Trust Distributions Tax Planning Strategies for 2015

Trust Distributions Trust Distributions Resolutions needed BEFORE 30 June 2015 – or pay up to 49% tax Tax Planning Strategies for 2015

Do you have a Family Trust? If you do, we need to work out with you which beneficiaries will receive the trust’s income? Family Trust ?? Beneficiary ?? Beneficiary ?? Beneficiary Tax Planning Strategies for 2015

Tax Planning, how? How much income has your Trust made? Who has earned other income within your family group? Who is best to receive Trust income so you have the lower tax rate? Ensure income isn’t distributed to an asset person involved in the business Tax Planning Strategies for 2015

What YOU need to do TODAY! For the period 1 July 2014 to 31 March 2015… a Profit & Loss Statement for each Family Trust you have send us details of all income earned by all family members during the period. For the period 1 April 2015 to 30 June 2015… your estimated income, including any capital gains. Tax Planning Strategies for 2015

What WE will do for you Review all your options based on the information you provide Review your Trust Deed (each year) to confirm beneficiaries and if any update is needed Recommend the most tax effective manner to distribute your Family Trust profits. Prepare the appropriate Trust Distribution Resolution for you to sign before 30 June Tax Planning Strategies for 2015

Contact our office TODAY on (03) if you have any questions. Your action NOW may save you thousands of dollars of unnecessary tax payments! Tax Planning Strategies for 2015