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Taxation of Trusts - The new 's.109UB'

Published on 04 Mar 2004 | Took place at Leonda by the Yarra, Hawthorn, VIC

s.109UB was a half page Bill when introduced effective 27 March 1998.

Its replacement and consequential amendments released on 19 February 2004 contains 10 pages of provisions and measures that will impact a wide range of transactions involving trusts.

Key issues to be considered include:
- the range of transactions involving trusts that under the new provisions can get caught within Division 7A
- exempt transactions permitted
- operative dates for the legislation
- anti-avoidance provisions within the Bill
- what qualifies as a loan repayment.

These seminar materials analyse the impact of the legislation on more common trust transactions and consider what remedial opportunities are available for transactions entered into since the Treasurer's announcements of 12 December 2002 foreshadowing the repeal and replacement of s.109UB.

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

Individual sessions

109XA, XB, XC - The new 109UB

Author(s):  Mark NORTHEAST

This seminar paper focusses on the practical implications of the new legislation using a number of case study examples.

This was also presented by Nigel Kingston at the Trusts Distributions: The new 's109UB' seminar held in Perth on 18 March 2004, and by Mark Northeast at the Taxation of Trusts - The New 109UB seminar held in Hobart and Launceston on 16 April 2004.

The paper includes some minor updates made by the author for presentation at the 'Division 7a downfalls' seminar held in Melbourne on 2 March 2005.

Materials from this session:

The new 's.109UB'

Author(s):  Terry MURPHY This seminar paper reviews in detail the legislative provisions that have been announced.

This was also presented by Colin Munro at the Trusts Distributions: The new 's109UB' seminar held in Perth on 18 March 2004.

Materials from this session: