Tax and Structures
Trust Taxation
Common features of trusts
All trusts have the following in common:
- Trustee: the trustees are the people that control the trust and are responsible for managing the trust assets and the day to day running of the trust.
- Trust deed: The trust deed outlines the rules of the trust, and the trustees must ensure they follow these rules.
- Beneficiaries or unit holders: These are the investors/people that may receive income and/or capital distributions from the trust.
The main types of trusts include:
- unit trust
- discretionary trust
- hybrid trust.
Page 29 of 58