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Taxation of trusts tug-of-war paper


1 July 2013 is the proposed commencement date for changes to flow from Treasury’s review of Div 6 of ITAA36. There is no clear “front runner”. A further Treasury policy paper is expected shortly providing greater details as to the “proportionate within class” and “trustee assessment and deduction” models, referred to in the November 2011 Treasury consultation paper.

This paper provides an update on the progress of the review and commentary on the latest Government and Treasury announcements, and also practical guidance as to the likely legislative changes:

  • What the taxation of trusts landscape may look like in the not too distant future
  • Amendments that might be required to your client’s trust deeds
  • Trustee distribution.

Author profile

Jonathan Ilbery CTA-Life
Jonathan is a former National President of The Tax Institute with extensive knowledge of State and Federal Taxation legislation and over 30 years of experience in advising upon a wide range of commercial transactions. Jonathan is the senior partner in the Perth law firm of Jackson McDonald. His practice focuses upon revenue law and its impact on businesses and individuals. He has extensive experience in representing clients in relation to tax disputes, advising in resolution of those disputes with the Australian Taxation Office and WA Office of State Revenue and in structuring of businesses, trusts and individual affairs to maximise business operations and succession planning while minimising tax imposts (both Federal and State). He has an on-going involvement, as a life member and past President, in The Tax Institute's education programme and an on-going involvement in tax legislation and administration as deputy chair and member of the Law Council's and Law Society's, taxation committees. - Current at 01 July 2014
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This was presented at 45th Western Australia State Convention .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Part IVA: Where to from here?

Author(s):  Tom Thawley

Materials from this session:

The ship of Theseus and other trust perplexities

Author(s):  Fiona DILLON

Materials from this session:

Philanthropy: Tax planning and sustainable giving

Author(s):  Peter DOWLING

Materials from this session:

Further details about this event:


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