17/08/2021
Setting up a
📌 Family Trust
📌 Charitable Foundation
Is no longer the privilege of the Tycoons!
Now for the price of a Rolex Daytona, you can also own a Family Trust or Charitable Foundation which is named after you!
Every successful entrepreneur has a dream.
When we have a successful career and a stable stream of income, we wish to give back to the society and contribute to the community. But most of us are having one-off donations, which is not beneficial for the charitable organisations.
With one-off donations, the charitable organisations are not certain if they have long-term funds to run their centers or run their activities.
Most of us are not aware that when we donate a large sum of money to charitable organisations, we may cause the charitable organisations from losing its tax exemption status. Pursuant to Section 44(6) of Income Tax Act 1967, any charitable organisations with tax exemption status must spend at least 50% of the donations raised each year in order to maintain their tax exemption status. So, if you donate a large sum of money to them at once, you may not be helping them. Instead, you may cause them from losing their Tax Exemption Status. Thus you may be doing bad things with a good heart 😥
Setting up your own Family Trust or Charitable Foundation can ensure the sustainability and perpetuity of your good deeds.
In addition, you have Full Control on your own Family Trust or Charitable Foundation and decide which party or charitable organisations you want to help in long term.
Wants to know more, please PM
www.wasap.my/60166013886
