I have a discretionary trust with a family trust election( FTE) where I am the specified individual as the FTE.
Are there any tax implications related to these two events:
a) I gift my personal savings (cash) to the trust. I believe this becomes capital/corpus of the trust.
b) If the trust distributes the same capital/corpus (cash) back to me at a later date.
I understand the trust deed must allow this and any income derived from the capital (e.g. interest) is taxable.
I just want to make sure there are no unexpected tax implications of adding money to the trust and getting it back later.
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