Published on 27 May 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
As well as making sure that your trust distributions are taxed to the appropriate beneficiaries there are a number of other matters that trustees and their advisors need to be mindful of when administering a trust. This paper considers a number of issues including:
- the emerging trend of the ATO using the reimbursement agreement provisions to invalidate a distribution
- the trust loss measures and how they should be viewed now that family trust elections can be made retrospectively
- where we are now given the announced changes to the family trust election regime
- the ATO's recent pronouncements on the cloning of trusts.
Andrew is a Partner in the Sydney law firm Brown Wright Stein Lawyers. His clients are accountants and lawyers in public practice that require advice on tax issues impacting on their clients. Andrew specialises in tax issues common to the SME and high-wealth individual sectors.
- Current at
23 January 2018