Unit Trust
Unit Trusts: A unit trust, also known as a fixed trust or a collective investment scheme, is a form of trust where the beneficiaries hold units in the trust rather than direct ownership of the underlying assets. These units represent a proportionate interest in the trust's assets and income. Unit trusts are commonly used for collective investment purposes, such as pooled investment funds, where investors contribute capital to the trust and receive units in return. The trustee manages the trust's assets on behalf of the unit holders and distributes income or capital gains generated by the trust according to the proportionate interests of the unit holders. Unit trusts are often regulated by financial authorities to ensure transparency and investor protection.
Fixed Unit Trusts: A fixed unit trust is a specific type of unit trust where the number of units issued by the trust is fixed and predetermined. Unlike other types of unit trusts where units can be created or redeemed, the number of units in a fixed unit trust remains constant throughout its existence. This means that new investors cannot join the trust by purchasing additional units, nor can existing investors increase their holdings. Fixed unit trusts are often used for specific investment purposes, such as real estate investments or private equity funds, where the structure of the trust is designed to remain stable over time. The distribution of income or profits in a fixed unit trust is typically based on the proportionate ownership of units held by investors, as specified in the trust deed.
The Best Way to Set Up A Discretionary Trust
Skilled SMSF Accountants
Think of DigiTax as your Self Managed Super Fund copilots. Our highly trained SMSF accountants will get you off the ground and guide you through design and setup. Throughout the journey, we'll ensure you always understand what's happening. So once you're up and running, you'll be confident to take full control of your SMSF.
Understanding Your Discretionary TRust
Discretionary Benefits
There's a reason why so many Australians are opting for Self Managed Superannuation Funds. By setting up an SMSF with DigiTax, you can look forward to:
A wide range of investment options, from shares to real estate.
Cost savings and transparency around your investments.
Strategies to reduce your tax payments.
SMSF Accounting And More
Flexible Accounting Services to Suit Your Needs
DigiTax offers a full suite of individual and business accounting services. Our talented team of Australian accountants specialise in the following fields:
Partnership tax returns
Tax returns for share and
property investors
ATO Audit Assistance
Business activity statements
Bookkeeping services
Financial Statements
ABN registration and
company structure set up
Company tax returns
Self-managed super fund tax returns
Sole trader and contractor tax returns
SMSF Tax Returns Made Easy
Enjoy Tailored SMSF Tax Return Support
Once you've set up an SMSF, you must lodge a separate tax return each year for your fund. Throw in all the complications of Australian tax law, and many people find themselves feeling understandably overwhelmed. This is why the DigiTax team is so happy to take on all the stressful aspects for you. Our registered tax agents have more than 40 years of combined experience, and we get the best kind of job satisfaction out of helping Australians retire in the strongest financial position possible. We can help you get there by maximising your yearly SMSF tax returns and ensuring they are 100% ATO-compliant.
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