Published on 01 Mar 09
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
On 31 October 2008 the Government announced it will remove the trust cloning exemption to CGT events E1 (creating a trust) and E2 (transferring a CGT asset to a trust). CGT events E1 and E2 will happen without the trust cloning exemption where a trust is created or a CGT asset transferred to a trust after that date. This article questions the need for the removal of the exemption.
Christopher Bevan CTA
Chris is Barrister
Wentworth Chambers. Current at 01 July 2012
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