RE:RE:RE:RE:Taxes & Family TrustThere is no legal requirement, but it is a good practice to do it early since there is very low cost basis to the company when it is initially founded. If he was anticipating large gains, wouldn't those have been even larger right at the beginning?
Like I said earlier, a little knowledge is a dangerous thing...
Possibleidiot01 wrote: As far as i know there is no legal requirement to incorporate a family trust when listing a company.
Procascination is a very common human bahaviour..
The second point to consider is the tming ; could it be that now was the right time to transfer assets into the newly created trust as he anticipates large gains off a depressed price.?
PI