There have been three recent developments in the taxation of trusts : the Commissioner's statement of what is a resettlement of a trust; the application of the deemed dividend provisions (Div. 7A) to trusts and the Commissioner's disturbing approach to interpretation; and the requirements imposed on trustees of closely held trusts to disclose ultimate beneficiaries. The paper is detailed in its treatment of resettlements. The author stresses that the views he has expressed are vehemently opposed by a number of leading experts in the area. What this means is that the question of what constitutes a resettlement for CGT purposes will ultimately go to court.
Miscellaneous
1999
Resettlements, Division 7A, trusts, ultimate beneficiary reporting requirements
Published Date: 26 Aug 1999
Details
- Published By: Mark L Robertson
- Published On:26 Aug 1999
- Session Name:Resettlements, Division 7A, trusts, ultimate beneficiary reporting requirements
- Read Time:30+ minutes
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Miscellaneous
1999
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