*
Go Matilda * *Your Gateway to Australia *
*
*
Go
New
Find
Notify
Tools
Reply
  
-star Rating Rate It!  Login/Join 
S&M
Member
Posted
Does a Discretionary Trust Will Still work whilst on a Temporary Visa?
 
Posts: 5 | Registered: 24 April 2007Reply With QuoteEdit or Delete MessageReport This Post
Paddy
Member
Posted Hide Post
Yes it should and in fact it's probably a good idea to have it because if one of you dies while abroad with no trust in place then the survivor is only exempt from inheritance tax up to gbp 55,000.

With the will and trust in place your instructions will be carried out after all you are still liable for inheritance tax while on a temporary visa as you have not satisfied requirements for a change of residence.

To set your mind at rest have a quick word with your lawyer or financial planner who organised this for you. I am no expert!!
 
Posts: 164 | Registered: 13 March 2005Reply With QuoteEdit or Delete MessageReport This Post
Alan Collett
Member
Posted Hide Post
What is your objective in setting up a Discretionary Trust?

Best regards.


Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
Fellow of the Institute of Chartered Accountants in England and Wales
Member of the Institute of Chartered Accountants in Australia
http://www.gomatilda.com and
http://www.collettandco.co.uk
Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia
 
Posts: 2573 | Location: Geelong, Australia | Registered: 01 August 2002Reply With QuoteEdit or Delete MessageReport This Post
S&M
Member
Posted Hide Post
Thanks Paddy I think I will get that in place. It's ok Alan I have it in hand now. I will sleep easier to night
 
Posts: 5 | Registered: 24 April 2007Reply With QuoteEdit or Delete MessageReport This Post
 Previous Topic | Next Topic powered by eve community  
 


© The Go Matilda Trading Company Limited 2002
*
Go Matilda