I wish to get advices from your guys.
I’ve just set up a Family trust and a company as a Trustee for the Trust. My question are:
1. For saving tax through the Trust, do I have to do business with an ABN under Trust? What happens if I use the ABN of the company?
2. Should I register an ABN under The trust or the company in order to do business? Btw Business name should be registered under Trust or company?
3. about assets protection, I am confused that how Trust protect property? For example, (in case the business at risk) could a house will be protected If:
– the house is hold by the Trust
– the house is hold Under individual name of the company Director ( the trustee company)
– the house is hold under Individual name of any beneficiaries of trust?
Thanks so much
Hope your guy have a great weekend.