Published on 01 Jul 11
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
This article examines the four broad types of distributable income mechanisms commonly found within deeds; explains how to identify and classify the distributable income mechanisms within a deed and profiles circumstances in which each mechanism is suitable or unsuitable; observes that an accountant must learn to use a deed by having a thorough understanding of the deed's distributable income mechanisms, the characteristics of trust receipts and the client before advising the trustee to have a deed amended; and concludes that a need to stream franked dividends and or capital gains may generate the need to amend the deed.
Current at 16 May 2011
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