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.