Trusts 2011

Trust distributions - The questions accountants are asking

Source: Taxation In Australia Journal Article

Published Date: 1 Jul 2011


This article examines the four broad types of distributable income mechanisms commonly found within deeds; explains how to identify and classify the distributable income mechanisms within a deed and profiles circumstances in which each mechanism is suitable or unsuitable; observes that an accountant must learn to use a deed by having a thorough understanding of the deed's distributable income mechanisms, the characteristics of trust receipts and the client before advising the trustee to have a deed amended; and concludes that a need to stream franked dividends and or capital gains may generate the need to amend the deed.

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Trusts 2011

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