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Managing trust losses paper 13112009
Published on 08 Oct 09 by VICTORIAN DIVISION, THE TAX INSTITUTE
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.