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The net is cast wider: four-year time limit for ATO amendments for potentially all taxpayers

Publication date: 03 Apr 13 | Source: CCH TAX WEEK

Issue: Issue 10, 15 Mar 2013

Pages: pp 1-3


The Federal Court has ruled that taxpayers who are potential beneficiaries of discretionary trusts are subject to a four-year amendment period whether or not they have ever received a distribution from a trust or are even aware that they are an object of a trust.

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Author profiles

Andrew O'Bryan CTA
Andrew O’Bryan, CTA, is a senior Tax Partner at Hall & Wilcox Lawyers. He has more than 35 years’ experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the ATO. - Current at 24 September 2018
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Frank Hinoporos CTA
Frank is a Special Counsel in the Tax group at Hall & Wilcox Lawyers. His clients include SMEs, high net worth individuals and families and not-for-profit entities. Frank is a member of the Law Institute of Victoria and a Chartered Tax Adviser with The Tax Institute. - Current at 07 August 2019
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