Published on 01 Jun 10
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The High Court has now decided that a beneficiary 'share of the income of the trust estate' under section 97 is to be determined under the proportionate approach and 'the income of the trust estate' is its income according to trust principles. This paper deals with the decision, the issues still to be resolved and the need for legislative reform.
Current at 14 September 2011
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