An accountant that is preparing tax returns. Accounting and tax return documents, pages and calculators. An elderly couple planning with their superannuation funds. A business man working on his investment property in Gordon.


Many media commentators suggest that Trusts are a tax dodge and opaint a picture that trusts are mis-used to hide assets, split income an avoid tax. However, this is not correct.

Trusts are one of the oldest legal structures under common law. They predate companies by hundreds of years and have the fully recognition of our legal system.

Trust permit assets to be held "on trust" by a trustee for the benefit of a class of identifiable beneficiaries until such time that the trustee determines to distribute income and the capital of the trust to those beneficiaries. Each trust has a end-date called a vesting date. On the vesting date (or earlier) all assets in the trust become assets of the beneficiaries.

There are numerous trusts structures available but the most common are:

  • Fixed trusts which provide a fixed proportion entitlement to beneficiaries. Some fixed trusts permit the proportion to be changed.
  • Discretionary Trust which provide the trustee with powers to use discretion so that within the class of beneficiaries only some beneficiaries may receive income or capital. This allows a greater flexibility as the tax outcomes can be managed to seek the lowest tax outcomes.

Trust affairs are complex and after recent court decisions, the conduct of trusts is under taxation review. We have expertise in trust establishment and trust compliance including issues concerning Tax Rulings, ATO views on trust deed powers, ATO views on trust distribution minutes and much more.

Property investors should seek advice before acquiring property in personal names as there are some benefits of a property trust holding property in NSW. This can allow the beneficial owner of the property to be changed at a later date without impact of stamp duty. This form of ownership may also assist a SMSF to later acquire some, or all, of the trust interest and avoid the Superannuation prohibition on a SMSF acquiring residential property from a member. We are also familiar with the "re-borrowing principal" which is unique to property trusts which may allow refinancing of the trust property to repay unitholder non-deductible debt and allow tax deductions to be refreshed.

We welcome enquiries from prospective clients to provide advice on trust issues and also ongoing accounting and taxation affairs of existing trusts.

Latest Accounting News

  • ATO increasing data exchange with international regulators

    Data sharing between tax regulators in different countries is rapidly increasing with the ATO turning in around 30,000 US expats to the IRS just last year according to a US tax lawyer.

  • Our 'hardest' SMSF tasks

    What are the hardest aspects of running your self-managed super fund (SMSF)? There are certainly more and more tasks and professional help my be needed to manage them properly.

  • Uber drivers hit for 10% tax

      In a recent decision, the Federal Court has held that the UberX service supplied by Uber’s drivers constitutes the supply of “taxi travel” for the purposes of GST. 

  • Lack of literacy promotes unrealistic goals

    A large proportion of Australians have unrealistic retirement goals.  (NB: There are financial tools on this site that can help as too can a financial planner)

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.


Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.