Drafting trust distribution minutes is like practising Tai Chi; subtle, strategic and requiring much practice and wisdom.
The risk of attracting adverse tax outcomes can be greatly reduced if trustees (and practitioners advising them) understand the subtleties of effective appointment of the trust entitlements.
The first half of this seminar focussed on the interplay of trust law and the Tax Acts and their impact on effective distributions of income and capital from trusts.
The trust loss provisions remain an area of taxation law that has proven very difficult to comply with. Getting it right so that losses may be correctly used is vitally important.
The second half of this seminar led attendees through a range of practical case studies that explore all areas of these difficult provisions.