Miscellaneous 1998

Trusts reform: credit where it's due

Source: The Tax Specialist Journal Article

Published Date: 1 Feb 1998

This article discusses the Assistant Treasurers release on 31 December 1997, of new legislation amending the provisions to prevent trading in franking credits and the misuse of intercorporate dividend rebates. Included in the new legislation are changes to trusts, whereby beneficiaries who do not have sufficient interest in the corpus of their trusts will not be entitled to franking credits on dividends flowing through to them from shares held by the trustee.

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Miscellaneous 1998

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