Latest Developments in the Taxation of Trusts and Beneficiaries convention paper

Published on 03 Apr 04 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

This paper considers recent legislation, case law and ATO developments in the taxation of trusts and their beneficiaries. Focus areas include:
- structuring trust transactions with the new s109UB
- streaming of income and capital gains by discretionary trusts
- a review of the proportional approach to taxation of distributions - common traps with trustee distribution resolutions
- deductibility of interest incurred by Trusts following TR 2003/9 - in particular, pay-out of unpaid distributions
- tax preferred distributions by fixed trusts and CGT impact
- Div 152 issues impacting charities, trust deed drafting and Family Trust Elections.

Author profile

Terry Murphy QC, CTA

Terry has focused on advising and appearing for taxpayer and revenue authorities in the Federal Court and High Court, and in alternative dispute resolution for over 30 years. He was appointed to be the Special Counsel to the Australian Taxation Office from 2008 to 2010 and was a Past President of the Tax Bar Association. Terry is a member of Taxation Subcommittee of the Law Council, Chair of the Tax Group Advisory Board, and a Senior Fellow of the University of Melbourne Law School. - Current at 30 August 2021

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• How does Part IVA affect current tax planning and commercial arrangements? - 20-May-1998
• The arm's length test in tax law - 30-April-1998
• Part IVA: Q & A - 30-April-1998
• Commentary - 01-June-1996
• Part IVA : Challenging the Commissioner's view - 28-March-1996

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