What would the impact on houses held in family trusts?

What would the impact on houses held in family trusts?

From the FAQs it sounds like any property you have in a trust like your family home which could be a common case for company directors and small business owners would have to paytax at the company tax rate rather than the 0.5 to 1.5% suggested for a property not held within a trust is that correct?

Showing 3 reactions

  • Paul King
    tagged this with i have the same question 2016-12-19 10:38:47 +1300
  • Tim O’Donnell
    commented 2016-12-18 22:19:05 +1300
    If that’s true it sounds like a great idea. This is how people hide money & assets
  • Warwick Glendenning
    published this page in Ask a question about policy #1 2016-12-18 04:21:42 +1300