Miscellaneous 2009

Removal of the CGT trust cloning exemption

Source: Taxation In Australia Journal Article

Published Date: 1 Mar 2009

On 31 October 2008 the Government announced it will remove the trust cloning exemption to CGT events E1 (creating a trust) and E2 (transferring a CGT asset to a trust). CGT events E1 and E2 will happen without the trust cloning exemption where a trust is created or a CGT asset transferred to a trust after that date. This article questions the need for the removal of the exemption.

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Miscellaneous 2009

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