Am I eligible for a small business restructure rollover if I inadvertently purchased a property recently through a business and require it in a discretionary trust structure?
I am a sole director and the company will remain as a trustee and beneficiary of the trust which should substantiate the requirement for "no change in economic ownership".
Hi @Andrew24,
The Small business restructure rollover may apply, it depends if you meet the eligibility requirements.
Discretionary trusts may meet the requirements of economic ownership where no change in individuals economically benefit from the assets before and after the transfer.
From the information you've provided we can't provide a definite answer on this. If you're considering restructuring, it may be good idea to speak with your tax agent or financial adviser.
Hi @Andrew24,
The Small business restructure rollover may apply, it depends if you meet the eligibility requirements.
Discretionary trusts may meet the requirements of economic ownership where no change in individuals economically benefit from the assets before and after the transfer.
From the information you've provided we can't provide a definite answer on this. If you're considering restructuring, it may be good idea to speak with your tax agent or financial adviser.
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