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Family Trust - What does it cost to set up

Like any type of legal documentation, setting up a family trust does cost money.

In fact, the initial start-up cost can be about $2,500 and then the same amount again annually in maintenance-type fees.

These types of ongoing costs are necessary because there are significant rules and regulations around family trusts, including meeting the requirements for asset protection and all the Australian Taxation Office registrations on ABN as well as Tax File Numbers.

Family trusts can also attract stamp duty with the cost varying from state to state:

  • WA – Nil
  • ACT – Nil
  • NSW – $500 (due 3 months from the date of the deed)
  • NT – $20 (60 days from the date of the deed)
  • QLD – Nil
  • SA – Nil
  • TAS – $20 (due 3 months from the date of the deed)
  • VIC – $200 (due 30 days from the date of the deed)

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Jason Gwerder
Thursday, 15 June 2023


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