Q: The family trust receives an $80,000 unfranked dividend from Company A at the end of the year. The trustee of the trust is a company. Can all the income of the family trust, minus any expenses, be directed to one beneficiary who happens to be the director of both the trustee company and Company A?
A: Yes, it's possible. There are no legal barriers preventing such a dividend payment. Companies, including trustee companies, are considered separate legal entities from their directors.
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