International tax & business 2020

Burton v FCT - The death of the Aussie trust in international tax planning

Source: The Tax Specialist Journal Article

Published Date: 1 Aug 2020

 

Burton v FCT is one of the most impactful tax cases of the last decade. It will have a dramatic impact on the manner in which Australian and foreign capital utilises Australian structures to invest in US assets. In this article, the author explores the impact of the case on the derivation of US sourced capital gains by the trustee of an Australian discretionary trust and what this will mean for the future of trusts when it comes to international tax planning for private clients.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now

Already a Subscriber? Login now

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

International tax & business 2020

Share this page