Published on 17 May 12
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
analysis of the maximum net asset value test
the ‘connected with’ test - It’s all about control
control of an entity other than a discretionary trust - Particular trust issues
control of a discretionary trust - The “trustee reasonable to expect to act” control rule
control of a discretionary trust - Pattern of distributions rule
Commissioners exercise of discretion - 328-125(6)
the significance of the significant individual test
timing Issues with distributions from trusts and satisfying the significant individual test
the trust streaming measures
structuring issues and ordering of the concessions.
Vanessa is a Principal in the Tax Division of WHK Horwath and advises clients from both the private sector and mutual associations
on a wide range of taxation issues including CGT, Corporate Acquisitions and Restructures, International Tax Issues, and general taxation consulting. Vanessa is a regular presenter for the Taxation Institute and other professional bodies and is also involved in providing in-house training to accounting firms throughout Australia. Current at 25 September 2007
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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