shopping_cart

Your shopping cart is empty

  • Home
  • Effective trust distributions: get them right paper

Effective trust distributions: get them right paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 27 May 08 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Recent case decisions have highlighted pitfalls in trustee distribution resolutions. They have also introduced uncertainty into the meaning of the term "income" in the context of trust distributions. Further, the ATO's published guidelines on trust distributions require careful consideration when making trustee resolutions. This paper examines:

  • the review of trust deeds: what should be checked to ensure that trust distribution resolutions are correct?
  • present entitlement: why is this vital when preparing trust distribution resolutions?
  • meaning of the term "income": how do current views of the meaning of "income" affect trustee resolutions?
  • practical distribution resolutions: for practical purposes, how should distribution resolutions be drafted?

Author profile

Neil Wickenden CTA
Neil is Senior Tax Partner with the New South Wales partnership of HLB Mann Judd, an Australasian group of chartered accounting firms. Neil’s practice involves advising on all aspects of income tax, fringe benefits tax, and goods and services tax law to a range of clients. He also provides specialist tax support to a number of smaller accounting practices. He is a member of The Tax Institute among other professional bodies and is a former New South Wales State Chairman of The Tax Institute. - Current at 16 October 2014
Click here to expand/collapse more articles by Neil WICKENDEN.

 

This was presented at Annual Tax Forum .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Division 7A update - 30 June 2008 is “drop dead date”

Author(s):  Gil LEVY

Materials from this session:

Exploring superannuation

Author(s):  Mark WILKINSON

Materials from this session:

Effective trust distributions: get them right

Author(s):  Neil WICKENDEN

Materials from this session:

Your trust is misplaced

Author(s):  Andrew Noolan

Materials from this session:

GST hot topics & recent developments

Author(s):  Andre SPNOVIC

Materials from this session:

Company losses – recoverable or lost?

Author(s):  Peter FOGALE

Materials from this session:

When the taxman comes

Author(s):  Weston RYAN

Materials from this session:

Demystifying taxation treatment of franchising

Author(s):  Ben WILSON

Materials from this session:

Mobile executives: outbound tax considerations

Author(s):  John MEEHAN

Materials from this session:

Buy – sell transactions: What are the issues?

Author(s):  Spyros KOTSOPOULOS,  Les SZEKELY

Materials from this session:

Consolidation - a report card

Author(s):  Jenny CLARKE

Materials from this session:

The new Federal Government and business taxation

Author(s):  Tony STOLAREK

Materials from this session:

Tax risk management – a view from the boardroom

Author(s):  Richard WARBURTON

Materials from this session:

Preparing for and conducting tax litigation

Author(s):  Malcolm STEPHENS

Materials from this session:

Tax losses- Where are we now?

Author(s):  Paul WELCH

Materials from this session:

Recent developments in R&D: Are you maximising your opportunities?

Author(s):  Karen STEIN

Materials from this session:

Snapshot of recent Australian international tax developments

Author(s):  Alison YOUNG

Materials from this session:

TOFA for real property

Author(s):  Joshua CARDWELL

Materials from this session:

TOFA – Hedging in practice

Author(s):  Matt HAYES

Materials from this session:

Waiver of legal professional privilege - ATO’s access and information gathering powers

Author(s):  Chris C BRANSON

Materials from this session:

Climate change – Indirect taxation issues

Author(s):  Amrit MACINTYRE

Materials from this session:

Part IVA - Where are we at?

Author(s):  Allan W BLAIKIE

Materials from this session:

M&A developments

Author(s):  Michael FRAZER

Materials from this session:

Capital management developments

Author(s):  Simon JENNER

Materials from this session:

GST developments

Author(s):  Paul STACEY

Materials from this session:

Promoter penalty laws, two years on

Author(s):  John KING

Materials from this session:

Early stage venture capital limited partnerships

Author(s):  Gareth KIRKBY

Materials from this session:

The business of backyard developers

Author(s):  Yvette PIETSCH

Materials from this session:

Dealing with tax audits

Author(s):  Ken SCHURGOTT

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse