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 Noolan CTA
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 09 February 2016
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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