I'm an anaesthetist in private practice, and currently registered as a sole trader, with an ABN. I do not have a company. I have approx. $2500-3000 per month business deductions as the costs of sending out bills etc are shared between 14 of us in the practice. (compared to say, a surgeon who shares costs between himself and maybe one other partner). Until now I've been single but now I'm engaged, is there a benefit from setting up a discretionary or family trust so I can distribute income to my future wife? My accountant said just try to claim as many deductions as you can, but didn't mention anything about trusts etc.