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Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust

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Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust

$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: a9b4b1a8-5a66-44de-a176-6bea9a4ca7e1 Categories: Discretionary Trusts exempt from Foreign, Trusts Maintenance
  • Description

Description

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.

This trust limits  trustees and beneficiaries receiving trust distributions to citizens and permanent residents.

► $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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