Published on 01 Jul 11
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Sections 102AG and 102AGA of the ITAA36 provide an exception to the usual taxing of minors' income at punitive rates in the case of family breakdown. A child maintenance trust may be advantageous to taxpayers with maintenance obligations. Careful drafting of the trust deed is required to meet the obligations of s 102AG.
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