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Opening up a asx share trading account
Has anyone had any luck opening up a asx trading platform through their non-registered trust?
Since trading platforms want an ABN and TFN, am I best to open trading platform in my private name and use trust bank account to deposit funds? and Does that constitute the trust owning them upon liquidatation and funds going back into trust account, as im the trustee representing the trust funds.
Or will that mean im personally liable for capital gains tax?
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1 Reply
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I have no experience with this but I have been wondering the same thing re setting up a brokerage account. Best structure for tax minimisation. Have you had any luck finding answers over the past few months?