As well as making sure that your trust distributions are taxed to the appropriate beneficiaries there are a number of other matters that trustees and their advisors need to be mindful of when administering a trust. This presentation considers a number of issues including:
- the emerging trend of the ATO using the reimbursement agreement provisions to invalidate a distribution
- the trust loss measures and how they should be viewed now that family trust elections can be made retrospectively
- where we are now given the announced changes to the family trust election regime
- the ATO's recent pronouncements on the cloning of trusts.