Protect Assets: discretionary trusts. You can help protect your family against unexpected claims and creditors if you establish a discretionary trust.…
Protect Assets - business real property. Your super fund can purchase your business premises at commercial valuation and charge a commercial rent to your operating entity.…
Protect Assets: private use assets.…
Protect Assets – take a registered charge over your company. Have you loaned substantial funds to your company or trust (with a corporate trustee)?…
Protect Assets - main residence in spouse's name. Operating a business exposes the owner to risks including statutory penalties, business debts and common law damages.…
Protect Assets - discretionary trust owning company shares.…
Protect Assets: Register loan in 20 days or lose it!…
Save Tax - personal use assets. These are assets (other than collectables) kept primarily for your personal use and enjoyment. If acquired for $10,000 (excluding GST) or less, any capital gain is exempt.…
Save Tax: Low cost assets. You can get a full deduction for items of plant costing $100 or less (including GST). If you have a large number of acquisitions you can use a sampling rule to calculate your deductions.…
Question: What would be the best structure for a sugarcane farm and its assets to provide adequate asset protection in the event of an occurrence outside insurable cover? Answer: The current trustees should retire in favor of a corporate trustee.…