Trust Setup Made Simple
Looking to establish a trust for your business or investment activities? UV TAX can help you understand the setup process, structure considerations and ongoing accounting requirements.
Set Up Your Trust With Confidence
Get practical guidance around trust structures and the accounting requirements that come with operating a trust.
- ✓ Trust setup guidance
- ✓ Structure considerations
- ✓ Accounting requirements
- ✓ Ongoing trust accounting support
What Is A Trust?
A trust is a legal arrangement in which a trustee manages assets or property for the benefit of specified beneficiaries. The appropriate structure depends on your circumstances and objectives.
Why Consider A Trust?
Trust structures may be used for business, investment or asset-holding purposes. Professional advice is important before choosing a structure.
- Business and investment structuring
- Asset holding arrangements
- Family wealth planning considerations
- Flexible arrangements for beneficiaries
Trust Structure Matters
Different trust structures have different purposes and obligations. The right option should be considered based on your business, assets and long-term plans.
- Family trusts
- Unit trusts
- Trustee arrangements
- Beneficiary considerations
Common Trust Structures
Different trust structures can serve different purposes. Professional advice should be obtained before establishing a trust.
Family Trust
A structure commonly considered for family business, investment and wealth-planning arrangements.
Unit Trust
A trust structure where interests can generally be represented through units held by beneficiaries.
Corporate Trustee
A company can act as trustee in certain trust structures, subject to the appropriate legal and professional advice.
Trust Setup Process
We help keep the initial setup organised and explain the accounting considerations involved.
Discuss
Understand your business, investment and structuring objectives.
Review
Consider the appropriate trust structure and related registration requirements.
Establish
Proceed with the required trust documentation and registration steps.
Manage
Continue with trust accounting, tax and record-keeping requirements.
Trust Accounting & Tax Support
Setting up a trust is only one part of managing the structure. Ongoing accounting and tax requirements also need attention.
Trust Accounting
Keep trust financial records organised and maintain appropriate accounting information.
Trust Tax Returns
Get support with preparation and lodgement of relevant trust tax documentation.
Distribution Records
Maintain appropriate records relating to trust income and beneficiary distributions.
Ongoing Advice
Get accounting support as your trust and related business or investment activities develop.
Trust Setup FAQs
What is a family trust?
A family trust is a type of trust structure that may be used for family business, investment or asset-planning purposes. The suitability of the structure depends on individual circumstances.
What is a unit trust?
A unit trust is a trust structure where beneficiaries' interests are generally represented by units.
Can UV TAX help set up a trust?
UV TAX can assist with the accounting and business structuring aspects of trust setup and help coordinate relevant professional requirements where appropriate.
Does a trust need its own tax return?
Trusts can have their own tax and reporting obligations. The exact requirements depend on the trust structure and its activities.
Can UV TAX manage trust accounting?
Yes. UV TAX can provide ongoing trust accounting, bookkeeping and tax-related support.
Need Help Setting Up A Trust?
Talk to UV TAX about your trust structure and ongoing accounting requirements.
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