Hi,
My question is, Can a trust be a sole shareholder of a company and receive its dividend (after tax) and purchase asset under it? If yes, does the trust have to pay additional taxes on the income (dividend) received? How does this work?
Regards,
John
G'day @John_Super,
A Trust can hold shares in a company. The trust as a shareholder can receive dividends. I am unsure what you mean by "purchase assets under it". Generally a trust will only have to pay tax on its undistributed income. Please see here for further details.
Hope this helps,
TombRadyr
G'day @John_Super,
A Trust can hold shares in a company. The trust as a shareholder can receive dividends. I am unsure what you mean by "purchase assets under it". Generally a trust will only have to pay tax on its undistributed income. Please see here for further details.
Hope this helps,
TombRadyr
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