The major tax issues with trusts presentation
Published on 07 Feb 08
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
Topics covered included:
- The nature of a trust
- How are trusts treated for income tax purposes
- Importance of distributions and concept of "presently entitled"
- Special tax rules for taxing trust income and distributions (trustee, beneficiaries, minor beneficiaries, franking credits)
- Some CGT issues and trusts
- Family Trust elections/Trust losses
- A brief look at some planning issues concerning trusts.