Published on 01 Aug 10
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
A Queensland court has made trustees personally liable for unpaid tax debts. In Barkworth Olives the trustee had to pay tax on $71 million income which had been derived, but not actually received. The court held that the s 254 limitation on trustee liability is overridden by the general charging
provisions of the ITAA. This decision should be noted by all trusts with unpaid tax liabilities.
John HYDE PAGE
Current at 12 February 2010
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