Professional Trust Tax Return Support Services
Rand Tax & Business Consultants support all types of trusts with skilled trust tax services.
Whether your trust holds property, shares, works of art, a business, or even business premises, the Rands Tax & Business Consultants team can help you leverage your assets to get closer to your financial goals.
Our approach to your trust tax return is tailor-made to your unique needs. So you can be sure that the trust tax services you enjoy are going above and beyond cookie-cutter solutions.
If you are a beneficiary of a trust looking to report your distribution and make the most of your assets, reach out to our dedicated team to learn how we can help.
Whether your trust holds property, shares, works of art, a business, or even business premises, the Rands Tax & Business Consultants team can help you leverage your assets to get closer to your financial goals.
Our approach to your trust tax return is tailor-made to your unique needs. So you can be sure that the trust tax services you enjoy are going above and beyond cookie-cutter solutions.
If you are a beneficiary of a trust looking to report your distribution and make the most of your assets, reach out to our dedicated team to learn how we can help.
Get the most out of your trust tax return
Trust as a business structure is a secure way to protect your assets from loss, and ensure your assets are well managed in the long term. Our experts have the insights and experience needed to help you get the most tax benefits out of your unique trust.
We support:
Family Trusts (Discretionary Trust)
The most common form of trust utilised by small and medium-sized business owners, investors, and medical professionals in Australia. It’s widely used to protect family assets and offer tax planning benefits.
Income generated by the trust, including capital gains, can be distributed in low tax brackets, which significantly cuts down on taxes. Trustees have the discretion as to what they receive, and assets in this trust can be passed down through generations, tax and duty free.
Unit Trusts
In this trust, its property is divided into shares known as units, which determine the unit holder’s entitlement to their share of income, capital gains, and voting power.
While not generally as flexible or protective as a family trust, unit trusts do hold many tax benefits that expert trust tax services can help you leverage.
Hybrid Trusts
An amalgamation of features from both discretionary and unit trusts, a hybrid trust gives its trustee the discretion to divide benefits among trust beneficiaries. Beneficiaries can be on low tax rates or may be unit holders who are entitled to a portion of the benefits.
Trust deeds
When setting up a trust, a one-size-fits-all trust deed just won’t cut it.
Designed to make sure your assets are passed on securely to your chosen beneficiaries, trusts can help in separating your personal assets from your business. When looking to set up a trust to manage your funds better, you will need to have a trust deed.
Trust resolution
Trustees should ensure that the historical transactions of a trust are tracked, allowing for a clear reference to the making of unanimous decisions.
Trustee resolutions provide the documentation around such records. These are kept in the trust’s record book or deeds system to show that the trustees have been applying appropriate trust law and taking proper consideration of the interests of beneficiaries in every decision they have made.
Trust profit distribution
Every trust deed is different, and a valid and effective trust distribution is no simple task. The trust distribution resolution must be tailored to the specific trust deed.
A generic trust distribution resolution may give rise to adverse taxation consequences for both the trustee and the beneficiaries (as well as their advisors), especially if any issues go unnoticed until years later during a tax audit of the trust.
Get the most out of your trust tax return
Trust as a business structure is a secure way to protect your assets from loss, and ensure your assets are well managed in the long term. Our experts have the insights and experience needed to help you get the most tax benefits out of your unique trust.
We support:
Family Trusts (Discretionary Trust)
The most common form of trust utilised by small and medium-sized business owners, investors, and medical professionals in Australia. It’s widely used to protect family assets and offer tax planning benefits.
Income generated by the trust, including capital gains, can be distributed in low tax brackets, which significantly cuts down on taxes. Trustees have the discretion as to what they receive, and assets in this trust can be passed down through generations, tax and duty free.
Unit Trusts
In this trust, its property is divided into shares known as units, which determine the unit holder’s entitlement to their share of income, capital gains, and voting power.
While not generally as flexible or protective as a family trust, unit trusts do hold many tax benefits that expert trust tax services can help you leverage.
Hybrid Trusts
An amalgamation of features from both discretionary and unit trusts, a hybrid trust gives its trustee the discretion to divide benefits among trust beneficiaries. Beneficiaries can be on low tax rates or may be unit holders who are entitled to a portion of the benefits.
Trust deeds
When setting up a trust, a one-size-fits-all trust deed just won’t cut it.
Designed to make sure your assets are passed on securely to your chosen beneficiaries, trusts can help in separating your personal assets from your business. When looking to set up a trust to manage your funds better, you will need to have a trust deed.
Trust resolution
Trustees should ensure that the historical transactions of a trust are tracked, allowing for a clear reference to the making of unanimous decisions.
Trustee resolutions provide the documentation around such records. These are kept in the trust’s record book or deeds system to show that the trustees have been applying appropriate trust law and taking proper consideration of the interests of beneficiaries in every decision they have made.
Trust profit distribution
Every trust deed is different, and a valid and effective trust distribution is no simple task. The trust distribution resolution must be tailored to the specific trust deed.
A generic trust distribution resolution may give rise to adverse taxation consequences for both the trustee and the beneficiaries (as well as their advisors), especially if any issues go unnoticed until years later during a tax audit of the trust.
What Our Clients Say
Outstanding service, fantastic value for money. Rands is always quick and concise. Can't say enough good things.
Jol Tron
This was my first investment venture and Rands Financial Services was able to guide me at every turn. Going into this I was very doubtful if I would be able to take such a big step, however they gave me the knowledge and advice I needed to make decisions confidently and worked tirelessly to get the best opportunity for me. I look forward to the day I get to work with you again.
Charith Dias
Professional and prompt service. Very efficient and understanding - offering expert advise for those starting a business for the first time. Made us consider many aspects that were vital to our goals.
Shehan Tambinayagam
How can Rands Tax & Business Consultants support you?
Our team is made up of skilled tax agents and dedicated financial professionals who leverage their expertise to proactively improve your financial outlook.
Learn how we can support you with your trust tax return today.
