Mitch McKeown and Ricky Caldow continue their discussion on trusts, focusing specifically on investment trusts and property trusts. Investment trusts are commonly used for asset ownership, offering benefits like tax efficiency and discretion in distributing profits. They can hold various assets such as shares, property, and ETFs, and allow distributions to be allocated to beneficiaries in a tax-effective manner.

Property trusts, often used by high-net-worth individuals, provide additional protection and tax planning opportunities. However, they are not suitable for everyone, especially when negative gearing applies. Despite their advantages, trusts are costly to set up and maintain, making them best suited for specific situations.

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria and the Australian Dental Association Victorian Branch.

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