Published on 01 Aug 05
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
A family trust election is an election made that a trust will become a 'family trust' for the purposes of the taxation legislation. Once made a family trust election is irrevocable (except for some fixed trusts). Therefore, whilst a trust that has made a family trust election exists the implications of making that election will need to be continually monitored.
Daniel is a Principal of Sladen Legal. He is a Law Institute of Victoria Accredited Specialist in Tax Law and holds a Master of Taxation. Daniel is the principal author of Trust Structures Guide published by The Tax Institute and a regular presenter at industry conferences and workshops. Daniel primarily advises businesses and high net worth individuals in relation to business and investment structuring, trusts, succession planning and taxation law.
- Current at
25 September 2017