Published on 01 Jul 99
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The pattern of distribution test was introduced as one of three control and ownership tests in the trust loss provisions, and has to be satisfied. This has become a requirement under a number of tax reforms. It is relevant to trust loss rules, small business CGT concessions, and company loss rules. Some answers are provided in this article.
Andrew O’Bryan, CTA, is a senior Tax Partner at Hall & Wilcox Lawyers. He has more than 35 years’ experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the ATO.
- Current at
24 September 2018