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James Millar
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pilkster, post: 157140 wrote:
Hmm. I was told that I couldn’t receive the CGT benefits (sounded like 50% general CGT discount and 50% active asset discount) without the trust.

I was also told that other than an additional $500 at setup there would be no real difference in ongoing accountancy costs for trust&company vs company alone.

Seems like I’m going to have to do an accountancy degree myself to form my own informed opinion!

Yes general 50% discount but only if you sell the shares. Most of the other concessions are now available with a company but the proess is a little different. Some of CGT concessions need to be extracted as liquidators distributions – not as complex as its sounds.

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