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Practical guide to using trust losses presentation

Published on 05 May 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

The tests for making use of trust losses have proved to be very effective in restricting or moderating their use and so great care is needed by the tax adviser to ensure that where trust losses could be properly used, all the conditions are met. This presentation uses case studies to highlight the problem areas in satisfying the tests and to suggest tactics to deal with the problems. The case studies deal with problem areas in the following areas:

  • correctly identifying a fixed trust
  • rixed interests and the Commissioner’s discretion
  • family trust and interposed entity elections
  • the tests (50% stake, control, pattern of distribution and income injection).

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Author Photo - Arlene MACDONALD
Arlene MACDONALD

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This was presented at 40th South Australian State Convention: Let's Celebrate .

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