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  2025 Trusts

Family Trust Elections – The complexities in making and managing an FTE

Source: QLD

Published Date: 29 May 2025

 

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The rules about family trust elections, in particular who is part of the ‘family group’ and what are ‘distributions’, are quite complex and commonly misunderstood. A proper understanding of these rules is critical because distributions outside of the ‘family group’ could result in the family trust distribution tax being triggered.

This session covers:

  • What are the implications of making a FTE or IEE
  • When is a FTE or IEE required
  • Requirement to make a valid FTE or IEE (including issues for testamentary trusts in meeting the ‘family control’ test)
  • What are ‘distributions’
  • Which individuals and entities are part of the ‘family group’
  • Who is liable for FTDT; and
  • Passing control of trusts to the next generation.
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Details

  • Published By: Linda Tapiolas CTA
  • Published On:29 May 2025
  • Event Name:QLD Tax Forum
  • Session Name:Family Trust Elections – The complexities in making and managing an FTE
  • Read Time:30+ minutes
  • Took place at:The Westin Brisbane

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