Taxing Trust Issues
Published on 24 Jul 2003
| Took place at Leonda by the Yarra, Hawthorn
Division 152 and Section 109UB
Tax advisers and their clients may have escaped the Entity Tax Regime but received instead a
constant barrage of assaults on trust structures and transactions. The recent action by the ATO on
service trusts, the ATO Practice Statement on treatment of trust capital gains, the possible denial of CGT relief under Div 152, and of course the Section 109UB saga, are just a few examples of trust tax matters under the spotlight by both the Federal Government and the ATO.
This seminar examined both the Div 152 CGT issue and latest developments on the Section 109UB front arising out of a special TIA meeting with the Treasurer's tax advisers and Treasury on 11 July 2003.