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Keeping modern trusts relevant: Getting trust distributions right after Bamford and Cajkusic paper

Published on 17 Aug 10 by QUEENSLAND DIVISION, THE TAX INSTITUTE

This paper covers:

  • differences between taxable & trust income and problems they cause - explanation and examples
  • problems caused by proportionate view: recipient may not pay appropriate tax and no trust income
  • ways to resolve this problem: income clause and ability of trustee/trust deed to determine what is "trust income"
  • Commissioner's view and Bamford's case
  • situation post Bamford: practical examples.

Author profile:

Michael BUTLER
Michael Butler FTIA is a Partner at Finlaysons' Tax & Revenue Group. Michael advises both domestic and foreign clients on federal, international and state tax matters, and has a special interest in property tax issues. Michael is the author of the book "Australian Federal Company Taxation" and a regular contributor to Taxation Institute of Australia events.
Current at 23 March 2009
Click here to expand/collapse more articles by Michael BUTLER.
 
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