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Payments to Australian Residents from Foreign Trusts – I just wanna go back…back to 1979…

Published on 23 Oct 2019 | Took place at Leonda By The Yarra, Hawthorn, VIC

This event covered the following:

  • A quick recap on the structure of Division 6 of the ITAA 1936 - as it applied to income from foreign trusts
  • the role of section 99B, its history and original legislative intent
  • modern developments - in particular Taxation Determination TD 2017/23 and 2017/24
  • are foreign trusts an endangered species?
  • what to do if you have a client who is receiving money from a foreign trust?

Individual sessions

Payments to Australian residents from foreign trusts – I just wanna go back…back to 1979…

Author(s):  James STRONG

This paper covers:

  • a recap on the 1979 amendments to Division 6 of the ITAA 1936
  • issues in defending an assessment under s 99B
  • modern developments
  • what to do if your client is receiving money from a foreign trust.
Materials from this session: