The state of trust tax play paper

Member Price: $57.00

Non Member Price: $75.00

Publication date: 18 May 10

Source: NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Abstract:
This paper covers:

  • Bamford and trust distributions
  • children and franking credits
  • guidance from Bamford
  • streaming of income
  • concerns remaining
  • ATO actions before 30 June 2010
  • unpaid present entitlements and companies
  • timing - date of effect
  • accepting the ruling - going forward
  • UPEs of earlier years
  • section 109RB application
  • timing
  • the lifestyle asset amendments
  • interposed entity amendments
  • disclosure requirements
  • TFN withholding.

Author profile:

Author Photo - Kenneth Schurgott CTA-Life
Kenneth Schurgott CTA-Life
Ken is a Tax and Commercial Law Director of Schurgott & Co Lawyers and Special Counsel with Brown Wright Stein Lawyers, Sydney. He has extensive experience in all aspects of tax (including State taxes and litigation), as well as business structuring, business sales and acquisitions, asset protection, succession planning and trust and estate law. Ken has been, until recently, a member of the Advisory Panel to the Board of Taxation and heavily engaged in on-going consultation in relation to the reform of the taxation of trusts and trust issues generally. He is a former President of The Tax Institute, Chairman of the International Relationships Committee of the Institute, a member of OATCA technical committee and Chairman of the policy committee of STEP Australia.
Current at 04 May 2015
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