> Australia does not allow tax combining.
Australia has family trusts, which can allow significant savings on tax. Or used to, I haven't lived there for most of a decade.
Australia has family trusts, which can allow significant savings on tax. Or used to, I haven't lived there for most of a decade.
If he wanted to e.g invest in his wife’s name for tax reasons he could just transfer her the taxed income for her to invest with instead of using a trust.
Trusts provide the flexibility to distribute that future investment income to whichever member in that particular year to optimise tax.