Tag: tax
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To trust or not to trust – the benefits of a discretionary (family) trust for minimising CGT
Discretionary or family trust is a trust where the income generated in the trust can be distributed to the beneficiaries at the discretion of the trustee, or simply the income can be divided up however one pleases. It is commonly known that a discretionary trust can be used as a form of tax minimisation, but…
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Calculate Stamp Duty with Excel
A quick post of how to calculate the Stamp Duty of a property with Excel, in my example I am using the Western Australia Residential Rate Dutiable value. Download the Excel WorkBook. Update, next day This also works for Individual income tax rates;