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Effective year end planning for trusts paper

Published on 02 May 07 by VICTORIAN DIVISION, THE TAX INSTITUTE

This paper provides some practical guidance for practitioners who want to ensure that income, gains and other amounts generated within a trust end up, and are taxed, in the intended beneficiaries’ hands. Topics covered include:

  • resolutions - requirements, formalities and common provisions
  • reviewing the trust deed - what to look for
  • capital and income distributions - different requirements
  • distributing tax preferred amounts - tips and traps
  • definition of trust income - its impact on distribution resolutions
  • worked case studies with example resolutions
  • loans to beneficiaries - who to look for.

Author profile

Robert Warnock CTA
Rob is a Principal Lawyer at Harwood Andrews, Victoria’s largest firm with a head office based in a regional centre. Rob has over 30 years’ experience in tax advising. Rob helps accountants, businesses and individuals on matters with his areas of practice including trusts, state and federal taxes, tax disputes, business structuring and asset protection. - Current at 29 January 2021
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