Trusts 2022

Trusts distributions

Source: New South Wales

Published Date: 19 May 2022

 

The ATO's renewed focus on section 100A has put trust distributions in the spotlight, particularly the scope of the income-splitting advantages of a discretionary family trust. While it is important to be aware of the ATO's position on section 100A, there are other relevant issues concerning trust distributions, which are important to be aware of since they are also generally raised in ATO risk reviews. This presentation examines not only the current public draft ATO guidance provided in relation to its application of section 100A on family trust distributions and its views of the ordinary family or commercial dealing exception, but also:

  • The impact of the family trust election rules on trust distributions - in particular the issues that may arise on marriage breakdown, death or addition to the family
  • Responding to ATO queries concerning the source of overseas settlements of corpus
  • Managing the particular tax attributes and interactions of foreign income, gains and foreign beneficiaries, through either resident or nonresident trusts

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

Individual Session

Trusts distributions

Author(s): Dung Lam CTA
Materials from this session:

Details

  • Published By: Dung Lam CTA
  • Published On:19 May 2022
  • Took place at:Sofitel Sydney Wentworth

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

Trusts 2022

Share this page