Miscellaneous 2005

Tax Case: Mind your Ps and Qs with trusts

Source: Taxation In Australia Journal Article

Published Date: 1 May 2005


On 16 March 2005, Justice Spender of the Federal Court of Australia handed down the decision of Pearson v Commissioner of Taxation. This judgment considers the operation of Div 6 in circumstances where the net income of a trust is increased after the conclusion of an income year. This is another in a series of cases where the ATO has delved in detail into the terms and procedures of trusts deeds to determine tax liabilities in relation to trust income, much to the alarm of the taxpayer.


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Miscellaneous 2005

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