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Published on 03 May 12
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This presentation covers:
every lawyer & accountant knows what a trust is!
but what about:
"taxable income" using proportionate & quantum methods
implications for trust accounts & trust returns of franking credits, discount gains & Div. 152 small business reliefs
"adjusted Division 6 percentages"
Treasury's patch, PWC & TAD models
trust deed "resettlements"?
sec. 95 "net income" vs. sec. 97 "income"
Treasury's proposed facelift
dealing with current provisions
tax law definition of income & TR 2012/D1
amending trust deeds (or working with existing terms)
risks of amending deeds
status of Commissioner's statement of principles.
Michael Butler FTIA is a Partner at Finlaysons' Tax & Revenue Group. Michael advises both domestic
and foreign clients on federal, international and state tax matters, and has a special interest in property tax
issues. Michael is the author of the book "Australian Federal Company Taxation" and a regular contributor to Taxation
Institute of Australia events. Current at 23 March 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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