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Farm Business
Agricultural Matters
Tax, unearned income
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<blockquote data-quote="rusty" data-source="post: 8868457" data-attributes="member: 689"><p>In our case it comes from shares in our ltd company. You can also Chanel money into discretionary trusts from grandparents ,useful if they are still partners in the farming business. I think the important part of discretionary trusts is that you cannot give it yourself direct to your children , it has to be a step more removed. You definitely need professional advice on this, our ex accountant mucked it up the first year we did this!</p></blockquote><p></p>
[QUOTE="rusty, post: 8868457, member: 689"] In our case it comes from shares in our ltd company. You can also Chanel money into discretionary trusts from grandparents ,useful if they are still partners in the farming business. I think the important part of discretionary trusts is that you cannot give it yourself direct to your children , it has to be a step more removed. You definitely need professional advice on this, our ex accountant mucked it up the first year we did this! [/QUOTE]
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