Hi guys, Still exploring discretionary trusts, about to bite but weeding out a bit more of my understanding. Say one creates a discretionary trust solely for share purchases with a corporate trustee as a bucket company. Also plan on debt recycling as we have a PPOR with plenty of non deductible debt. Hoping to minimise capital gains with long term holds, with some income production along the way. In regards to the dividend/distributions and capital gains, how should they be distributed optimally? 1) Income that is distributed to low income earners first 2) Then income would be distributed to the bucket company at 30% tax rate. (let's leave how to take it out for now). Franking credits can get passed through?? 3) More importantly wanted to see what to do with CGT as they might be large over the long term with low turnover. If we if distribute to the bucket company would be able to time payout but we would forfeit the 50% CGT discount?? So plan would be to distribute to individual beneficary at any time a share was sold at a profit? And regards to costs, are we able to submit returns for the discretionary trust (+/- another discretionary trustee to hold the shares of the bucket.) and bucket company. If not, are we able to deduct these yearly costs? Thanks as always!