Why your SMSF should have a sole purpose corporate trustee.
26 Sep 11 |
CCH TAX WEEK
Issue: Issue 35, 15 Sep 2011
Pages: pp. 1-3
In recent times, approximately 90% of all new SMSFs established have individuals as trustees. Although it is cheaper to use individuals as trustees rather than a company, it is far from best practice. This article details why SMSFs should have a company acting as trustee where that company acts in no other capacities.
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Bryce is a Director at leading SMSF law firm DBA Lawyers. He practices predominantly in taxation and superannuation law, particularly the law of SMSFs. He is regularly quoted and published in the Australian Financial Review, the Herald Sun, CCH and LexisNexis publications, and elsewhere in the financial press. He presents extensively to accountants, financial planners and lawyers Australia-wide. Bryce has worked with DBA Lawyers since 2003. He holds both a bachelor degree and a masters degree in law and is an accredited Specialist SMSF Advisor.
- Current at
10 December 2015