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Managing trust losses paper

Publication date: 08 Oct 09

Source: VICTORIAN DIVISION, THE TAX INSTITUTE

Abstract:

Although unchanged for many years now, the Trust Loss rules are a cause of confusion and continue to be ignored or are just misunderstood, usually with catastrophic consequences for all involved.

This paper covers:

• introduction to schedule 2F ITAA 1936 rules and operation
• family trust elections planning issues
• exceptions to the trust loss regime
• passing the income injection test.

Author profiles:

Robert Jeremiah FTIA
Rob is an accredited specialist in both tax law and business law and is a member of the NTLG Superannuation Technical Sub-group. Rob’s principal areas of practice are business structuring, taxation advice, superannuation advice, business succession, family succession, trusts and business and commercial transaction advice.
Current at 13 September 2011
Click here to expand/collapse more articles by Rob JEREMIAH.
 
Meagan O'Connor ATIA
Meagan is a Principal of Harwood Andrews Lawyers and practices in the areas of business transactions, business and commercial advice, business and investment structuring, trusts and succession planning. Meagan has a significant depth of understanding and experience on all legal matters relating to business structuring, commercial contracts and transactions. Meagan is one of the contributing authors of the Trust Structures Guide and has written articles for The Tax Institute's journal "Taxation In Australia".
Current at 06 March 2012
Click here to expand/collapse more articles by Meagan O'CONNOR.

 

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