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Question / John Monte established the Monte Family Trust in 1999 with XYZ Pty Ltd as the corporate trustee. John and his wife Kerry are
Question / John Monte established the "Monte Family Trust" in 1999 with XYZ Pty Ltd as the corporate trustee. John and his wife Kerry are the directors of the trustee company. The trust holds a variety of investments in property and cash. The trust was established to protect the investments as John is always concerned that he could be sued for negligence. The trust records for this income year disclose the following: Receipts ($) . 70.000 Rent from investment properties Page 2 of 4 ACCSTAX/ Toxotion Maria Zito Lo Trobe University
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