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Trust distributions presentation

Published on 11 Apr 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

This presentation outlines the most important variables in a trust deed. It discusses the nature of the trust (fixed, unit or discretionary), the description of the beneficiaries (including the presence of any exclusionary provisions), and the definition of income. Topics covered are:

  • drafting income clauses in trust deeds
  • how to effect distributions of income
  • how to effect distributions of capital
  • who is taxable if a distribution is not valid.

Author profile

Michael Flynn QC CTA-Life
Photo of author, Michael FLYNN Michael is a Barrister at Owen Dixon Chambers West, specialising in taxation, and was National President of The Tax Institute in 2014. He is the author, with James Kessler, QC, of Drafting Trusts and Will Trusts in Australia (2nd edition, 2017). Michael has appeared in the Administrative Appeals Tribunal, the Federal Court and the High Court in taxation cases. Michael has been a member of various committees of The Tax Institute for over 20 years. - Current at 02 December 2019
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This was presented at Trusts for day to day .

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Individual sessions


Family trust elections: What if you can't make a family trust election?

Author(s):  Nabil (Bill) F. OROW

Materials from this session:


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