Published on 05 Apr 00
by QUEENSLAND DIVISION, THE TAX INSTITUTE
This paper concentrates on specific aspects of the interpretation and administration of the provisions affecting closely held trusts that will have a practical impact on tax practitioner's clients. There are many intriguing aspects of the legislation, and of claims made for the legislation in the supporting explanatory memoranda. The paper aims to show that taxpayers need not lose heart when faced with the challenge of this legislation.