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 CTA
Michael is the Partner in charge of the Finlaysons Tax & Revenue Group. Michael advises domestic and foreign clients on federal, international and state tax matters, and has a special interest in mining and property taxation, corporate restructurings, international tax issues, and estate and succession planning. Michael is the Visiting Lecturer in Tax at the University of Adelaide Law School, and is a regular contributor to The Tax Institute events. Current at 19 March 2015
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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