Published on 12 Sep 02
by VICTORIAN DIVISION, THE TAX INSTITUTE
This seminar paper discusses the practical difficulties of trusts, including: division 6 issues concerning distribution of trust income not reflecting the existence of CGT, dealing with significant differences between a trusts accounting income and taxable income, the ability to stream types of income and potential traps widely unknown or disregarded, Quantum v Proportionate approach, recent case law and practical issues.
Clive Bird CTA
Clive is a Tax Partner with William Buck. Current at 09 June 2004
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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