Farm discretionary trust
Farm discretionary trusts are used to acquire land for primary production while also providing flexibility so the property can eventually be transferred to other family members. There is a stamp duty exemption available for the transfer of farming land:
- From one or more individuals who are members of the family or a company whose shareholders are comprised of those persons, to a discretionary farm trust.
- From a discretionary farm, trust to one or more individuals who are members of the family.
Similar posts you may like
- Saver Plus for low-income earners
Saver Plus is Australia’s award-winning free financial education and matched savings program. The program supports families and individuals on a tight budget to develop Read more
- Husband & Wife Tradespeople Partnership
In a typical husband and wife tradepeople partnership, one partner is qualified (for example an electrician) and produces the partnership income and the other Read more
- The Enterprise Investment Scheme of 1994
The Enterprise Investment Scheme (EIS) was launched in 1994 to encourage investments in small unquoted companies carrying on a qualifying trade in the United Read more
- What can business owners learn from Olympians?
Succeeding in business and becoming an Olympian have a lot more in common than you might think. Here are the traits needed to become Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2