22 May 2020 - Webinar 12: Tax and Asset Protection Strategies for 30 June Trust Distributions

We are coming up to 30 June and apart from tax planning, it means that trust distributions are all important. If you don't distribute with a formal distribution resolution by 30 June any discretionary trust is taxed at 47%.

But not all trust distribution minutes are the same and the days of doing had written or word document minutes is over - too time consuming, easy to make a mistake and let's face it not professional looking.

In this video, LightYear Docs and I Love Accounting's companies, trust tax and accounting guru Michael Jeffriess covers the legalities and tax strategies required to make the most of any distribution. And don't forget a distribution from a discretionary trust to a SMSF should not be ruled out plus the bucket company.

And when completing the trust distributions it is time to clean up unpaid present entitlements - both past and current with a Deed of Gift of UPEs. Watch Michael effortlessly produce trust distribution minutes and for any adult children, deeds of gift.

PLUS a super special strategy, in fact a must do for trading trusts to ensure asset protection.