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03 Oct 08 Taxation of Trusts and Distributions from Trusts

As mentioned last week (see 2008 TAXVINE No 38 (2) (26 September 2008)), the Taxation Institute is currently preparing a submission in relation to the taxation of trusts and distributions from trusts.  We would like to thank the members who responded to our call for feedback and provided responses through the completion of questionnaires. Your input is being applied in drafting the submission and was used in a roundtable held in Sydney on Tuesday 30 September 2008 called to discuss these issues. The roundtable, which was attended by senior ATO representatives and senior practitioners representing both the fund and private trust segments, proved to be a great sounding board for clarifying the problems and exploring options for finding both legal and pragmatic solutions.

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