Published on 24 May 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Each time you distribute income or capital gains from a trust, there are tax issues to be considered. This presentation covers the key issues, and the current unresolved issues, including:
- does the ATO’s practice statement on the distribution of capital gains mean you can safely stream capital gains from a trust?
- what can you do to ensure that the beneficiary you decide to distribute to is the beneficiary assessed by the ATO on the distribution?
- can a trustee distribute income two months after the end of the financial year?