Published on 24 Oct 99
by QUEENSLAND DIVISION, THE TAX INSTITUTE
This paper is concerned with the changes to the taxation of trusts announced by the Federal Government following the release of the Review of Business Taxation A Tax System Redesigned. I have confined my detailed comments to those trusts that will be included in the entity taxation arrangements contained in those proposals. I have made only brief references to the changes applicable to Collective Investment Vehicles (CIVs) as this paper focuses on the changes affecting closely held trusts.