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.
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