26 Sep 088 Questionnaire for member input on trusts and distributions from trustsAs mentioned last week (see 2008 TAXVINE No 37 (2) (19 September 2008)), the Taxation Institute is currently preparing a submission in relation to the taxation of trusts and distributions from trusts. To assist the Taxation Institute in preparing its submission we are seeking through a questionnaire your input on four key areas, being:
- Income of the trust estate - a tax, accounting or trust deed concept;
- Income of the trust estate - a gross or net concept;
- Share to which beneficiary is presently entitled; and
- Present entitlement.
For a copy of the questionnaire, including details for where to send it, click here.
Unfortunately, the timeframe for comments is tight. Responses to the questionnaire and any other comments are needed by COB today, Friday 26 September 2008.