Published on 14 May 99
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
The law governing the taxation of trust income has been changed in significant respects in recent times. Further changes have been foreshadowed in draft bills and policy statements. The relevant legislation (or proposed legislation) is often complex and more readily mastered, or at the least, managed by reference to practical applications. The hypothetical case study at the end of this paper is designed to provide a simple practical backdrop to the operation of the trust loss and family trust election provisions.
Prof Glenton Barton CTA-Life
Glen is a Professor in the Department of Accounting and Finance in the
Business School of the University of Western Australia. He is a Barrister and
Solicitor of the Supreme Court of Western Australia and former member
in the General and Taxation Division of the Administrative Appeals
Tribunal, Perth Registry and Life Member of the Taxation Institute
of Australia. Current at 01 October 2009
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