Q&A
What are the advantages of operating a business as a discretionary trust?

Answer:

A discretionary trust, otherwise known as a family trust, can be used to protect assets, limit liability, distribute income and minimise tax. A trustee controls the distribution of income/assets to the beneficiaries in accordance with the trust deed. The discretionary element of this kind of trust means that it gives you flexibility with opportunities for income splitting and optimising tax benefits.