Published on 01 Jul 04
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The Australian Taxation Office has provided taxpayers with a one-off opportunity to lodge or backdate outstanding family trust elections or interposed entity elections with the taxpayer's 2004 tax return. In deciding whether to do this, the rules surrounding the making of an election, and the associated advantages and disadvantages, need to be considered. This article looks at the amnesty and provides a recap on the rules surrounding the making of the elections.
Benita Howell ATI
Benita is Corporate Tax Counsel with Allco Finance Group. Current at 13 October 2006
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Alison is a Special Counsel at Corrs Chambers Westgarth. Current at 01 September 2005
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