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17 Dec 07 Increased flexibility for family trusts

The ATO has produced an update and a factsheet with information regarding changes made to the trust loss measures (Schedule 2F to the ITAA 1936) by Tax Laws Amendment (2007 Measures No 4) Act 2007. These changes have effect from the 2007-08 income year. Note that the new Government promised to reverse these changes as part of its election policy - for more details, see 2007 TAXVINE No 46 (12) (23 November 2007)

For a copy of the update, go here

For a copy of the factsheet, go here

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