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Trust distributions - The questions accountants are asking

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.

Author profile:

Christopher Wallis
Chris has a long history of addressing difficult issues particularly in the context of tax education and tax training. He is located in Melbourne and has been at the Bar for 22 years, as well as sharing his specialist knowledge with practitioners while running training sessions. Current at 18 February 2013 Click here to expand/collapse more articles by Chris WALLIS.
 
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