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.
Chris is a Barrister
- Current at
06 August 2018