eFirm
You can edit text on your website by double clicking on a text box on your website. Alternatively, when you select a text box a settings menu will appear. Selecting 'Edit Text' from this menu will also allow you to edit the text within this text box. Remember to keep your wording friendly, approachable and easy to understand as if you were talking to your customer
LOGIN

Trust Tax Returns

A Trust is a structure has an asset protection perspective and the profit distribution to the family members.


A Trust is an obligation which allows a person or other entity to hold the property for the benefit of beneficiaries. The trustee is responsible for managing the trust's tax affairs.

By putting an asset in the trust, you do not own the assets under your name. The assets are legally controlled by the trustee. You have the power to control those assets and set out who receives the income arising from the assets. The discretionary trust also known as Family trusts are the most popular type of trust in Australia. 


What do you need to do?

  • The trustee must apply for an ABN and use it for all business and investment dealing
  • the trust must be registered for GST if its annual GST turnover is $75,000 or more.
  • Lodges an annual trust tax return showing all income and deduction of the business.


If you have a substantial personal or business assets and considering setting up a trust for the benefit of your family. Our tax specialist at eFirm can help you to identify the right structure of the trust, to assist you to maximize long-term wealth and asset protection. 




Contact Us
Contact information
If you have any questions, please do not hesitate to send us a message. We will reply within 24 hours.

Telephone

Whatsapp

+61 423 681 281
Name
Phone
Message
Email
Submit

WeChat

efirm1

Email us:

Opening hours

Monday - Friday
9:00 am to 5:00pm

Postal Address

Po Box 18048
111 Bourke Street
Melbourne VIC 3000

Get social