I established a family trust and a company as the corporate trustee in June 2023. I am a director of the company.
I paid personally the establishment costs of this family trust and company registration.
Can I claim these establishment expenses personally?
Hey @BradD!
The costs of setting up a trust are generally not deductible unless the trust is being set up in relation to a business that it’s carrying out or plans to carry out a business. Is this your circumstance? You can check out all the info on our capital assets and deduction.
If the trust was established to operate a business, then yes.
Hey @BradD!
The costs of setting up a trust are generally not deductible unless the trust is being set up in relation to a business that it’s carrying out or plans to carry out a business. Is this your circumstance? You can check out all the info on our capital assets and deduction.
6 Feb 2026 · 4 min read time
16 June 2026 · 2 min read time
15 Apr 2026 · 4 min read time
8,936 views
2 replies