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  Trusts 2012

Future of trusts - The Division 6 facelift & other developments

Source: South Australia

Published Date: 3 May 2012

 

This presentation covers:

  • every lawyer & accountant knows what a trust is!
  • but what about:
    • "taxable income" using proportionate & quantum methods
    • implications for trust accounts & trust returns of franking credits, discount gains & Div. 152 small business reliefs
    • "adjusted Division 6 percentages"
    • Treasury's patch, PWC & TAD models
    • trust deed "resettlements"?
  • sec. 95 "net income" vs. sec. 97 "income"
  • Treasury's proposed facelift
  • dealing with current provisions
  • tax law definition of income & TR 2012/D1
  • amending trust deeds (or working with existing terms)
  • risks of amending deeds
  • status of Commissioner's statement of principles.

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Author(s)

Individual Session

Future of trusts - The Division 6 facelift and other new developments

Author(s): Michael Butler CTA
Materials from this session:

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Details

  • Published By: Michael Butler CTA
  • Published On:3 May 2012
  • Took place at:Novotel Barossa Valley Resort

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