Tax and Structures
Trust Taxation
Common features of trusts
All trusts have the following in common:
- Trustee: the trustees are the people that control the trust, and are responsible for managing the trust assets and the day to day running of the trust.
- Trust deed: The trust deed outlines the rules of the trust and the trustees must ensure they follow these rules.
- Beneficiaries or unit holders: These are the investors/people that may receive income and/or capital distributions from the trust.
The main types of trusts include:
- unit trust
- discretionary trust
- hybrid trust.
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