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Bamford’s Case - Watch out for the Practical Implications

Published on 29 Oct 2009 | Took place at The Chatswood Club, Sydney, NSW

The Full Federal Court decision in Bamford’s case represents a landmark decision in the area of taxation of trusts and is probably the most important decision handed down by the courts so far this year. It also has very significant practical implications in connection with the drafting of discretionary trust deeds and trustees’ resolutions in relation to the distribution of trust income and capital. This event was aimed at those involved in the drafting and/or reviewing of discretionary trust deeds and/or trustees’ resolutions.

This event covered:

  • proportionate approach v quantum approach - which one is correct?
  • distribution of capital gains and other categories of income - is this still possible?
  • drafting of trust deeds - what to watch out for?
  • wording of trustees’ resolutions.
Note: These materials were also deliverd at events held on the following dates:
  • 29 September 2009 at Sydney (October Bi-Monthly Breakfast Club)
  • 1 October 2009 at Parramatta (October Bi-Monthly Breakfast Club)
  • 27 October 2009 at Hurstville (October Quarterly Breakfast Club)

Get a 20% discount when you buy all the items from this event.

Individual sessions

Bamford's case

Author(s):  Peter BERG

This presentation covers:

  • Trusts 101
  • what is "income of the trust estate"?
  • proportionate approach confirmed
  • examples
  • PSLA 2009/7
  • practical tips.
Materials from this session:

2009 October Breakfast Club tax update

Author(s):  This presentation gives an update of developments during the previous two months eg. cases and legislation.

Materials from this session: