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  Miscellaneous 2006

A matter of trusts: Testamentary trusts and CGT

Source: Taxation In Australia Journal Article

Published Date: 1 Dec 2006

 
The tax laws currently assess beneficiaries of a trust who are presently entitled to the net income of the trust, to the net capital gains derived by the trust regardless of whether the beneficiaries are entitled to the net capital gains. This article examines the Federal Government’s recent announcement, which may help to address this anomaly in the context of testamentary trusts.
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