shopping_cart

Your shopping cart is empty

  • Home
  • Trusts update: What the ATO thinks and why you should care paper

Trusts update: What the ATO thinks and why you should care paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 05 Sep 13 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper provides an update on trusts and the ATO’s views. In particular, it examines:

  • making trust distributions effective
  • what happens when beneficiaries disclaim entitlements?
  • “income of the trust” – the debate and guidance
  • streaming – when you can and when you can’t
  • transferring assets to and from trusts – some CGT issues
  • other current issues.

Author profile

Andrew Mills CTA-Life
Photo of author, Andrew MILLS Andrew Mills, CTA (Life), is the Second Commissioner, Law Design & Practice, from the Australian Taxation Office, has overall responsibility for the ATO’s law practice, including law interpretation, dispute prevention and resolution, and the ATO’s role in policy and law design. Andrew has more than 30 years experience in taxation, including periods in the ATO, commerce and the tax profession. Andrew was a Director at Greenwoods & Freehills for more than 20 years and managing director of the firm from 2006 to 2011. Andrew was President of The Tax Institute in 2006–2007 and is a former Governor of the Taxation Research Foundation. In practice, Andrew was an active participant and representative of a number of industry bodies. Andrew holds a Bachelor of Business, a Master of Laws and a Graduate Diploma in Tax Law. Andrew is a Chartered Taxation Adviser (Life), a member of the Australian Committee of the International Fiscal Association and a graduate of the Australian Institute of Company Directors. - Current at 02 November 2018
Click here to expand/collapse more articles by Andrew MILLS.

 

This was presented at 46th Western Australian State Convention .

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

Individual sessions

Trusts update: What the ATO thinks and why you should care

Author(s):  Andrew MILLS

Materials from this session:

Tax losses: Using them, not losing them

Author(s):  Natasha McCarthy

Materials from this session:

Trusts: Are they still worth it in the current tax climate?

Author(s):  Syd JENKINS

Materials from this session:

FBT and salary packaging update

Author(s):  Steve FRAPPLE

Materials from this session:

Strategies for the SME practitioner's kitbag

Author(s):  Daniel FRY,  Alan KRAWITZ

Materials from this session:

Tax reform for private business

Author(s):  Keith JAMES

Materials from this session:

Not-for-profit

Author(s):  Martin Kirkness

Materials from this session:

Superannuation update

Author(s):  Jemma SANDERSON

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse