This video covered:
- Ongoing discrepancies between trust income and tax net income and how the courts have been dealing with the issues post Bamford ie Greenhatch, Forrest
- challenging trust streaming issues (franked dividends, capital gains and general streaming)
- how the Courts have defined "income of a trust estate" including latest case law developments
- income equalisation clauses, income re-characterisation clauses and other important trust powers
- matters to consider when drafting trustee resolutions
- default beneficiaries and vesting.