News : Trusts

Accounting, Trusts

Unit trusts need expert accounting

unit trusts accounting

SMSF trustees investing in vehicles such as pre-1999 unit trusts need to ensure they receive specialist accounting services to avoid poor outcomes.

read more
Business News, Trusts

Equity Trustees to buy AET

Equity Trustees AET

Equity Trustees will acquire Australian Executor Trustees, with the combined operations to exit the SMSF space after the conclusion of the deal.

read more
LRBA, Trusts

Unit trust LRBAs lose safe harbour protection

unit trust LRBA

Safe harbour provisions applied to real property LRBAs are not mirrored if the arrangement is set up within a unit trust.

read more
Trusts

Lag in trust entitlements receipt risky

SMSF trust entitlements

SMSFs should ensure they receive any entitlement from a trust before the end of the financial year to avoid in-house asset breaches and trust failures.

read more
NALI/NALE, Trusts

Unit trusts a NALE risk

unit trusts NALE

SMSF investments in unit trusts can create NALE issues if a member of the fund is also a trustee of the unit trust in question.

read more
Trusts

Injected capital will trap testamentary trusts

testamentary trust capital

SMSFs are neglecting to keep income sources separate when using a testamentary trust and may lose associated tax concessions.

read more
Trusts

Trust distributions can create asset breach

trust distributions in-house asset

SMSFs holding a unit trust may breach the in-house asset rules through the incorrect treatment of trust distributions.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital