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Discretionary Trust (Non-Foreign Person)

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Discretionary Trust (Non-Foreign Person)

$129.00

Each Australian State has its own provisions in relation to surplus stamp duty for trusts where the trust deed does not specifically detail that foreign beneficiaries and trustees are excluded from the trust.

SKU: 0938f0e1-6338-405d-9f6f-89251bf38f14 Categories: Discretionary Trusts exempt from Foreign Purchase Duty, Trusts Establishments
  • Description

Description

This Discretionary Trust limits trustees and beneficiaries receiving trust distributions to citizens and permanent residents to ensure there is no surcharge.

A stamp duty surcharge and in some cases a land tax surcharge applies in various states where a foreign person acquires property in that State. There are exemptions where the foreign person does not control the trust nor receives capital or income distributions in excess of 50% of any distributions.

► $129.00 (inc GST) – OR provided under your unlimited membership

► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.

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