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What's next for service trusts?

Publication date: 13 May 05 | Source: WEEKLY TAX BULLETIN

Issue: No 20 13 May 2005

Pages: 731-736

Abstract:

The deductibility of fees paid by persons in the conduct of their business to associated entities for the aquisition from those associated entities of staff, clerical and administrative services, premises, plant and equipment are under examination by the Tax Office. Many thought that the Tax Office practice in respect of service trusts was long settled.

 

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Author profile

Robert Richards
Robert practices as a solicitor specialising in providing revenue, trust, superannuation and corporate law advice to high net worth individuals, corporations, accountants, other solicitors and the bar. He is regularly involved in the carriage of tax litigation involving matters heard by the High Court (for example the Bamford matter), the Federal Court, and the Administrative Appeals Tribunal. Prior to practising as a solicitor he was a partner of an international firm of accountants. - Current at 23 October 2013
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