“It only applies for Commonwealth income tax purposes and does not require a change to the trust deed or trustee powers.”

“If you're doing something like a spousal transfer for stamp duty purposes, or even a related party transfers such as selling to a trust, you may want a low valuation to reduce the amount of stamp duty payable.”

“You don't necessarily have to use the same value for the bank for stamp duty and for capital gains tax purposes. The bank may value a property at a million dollars, but you might sell it for $900,000.”

“You can use the rollover relief, and you can transfer the assets... into a company, into a unit trust. That will help you avoid the 30% minimum tax on discretionary trusts”

“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”