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  2004

Taxation of Trusts - The new 's.109UB'

Source: Victoria

Published Date: 4 Mar 2004

 
s.109UB was a half page Bill when introduced effective 27 March 1998.

Its replacement and consequential amendments released on 19 February 2004 contains 10 pages of provisions and measures that will impact a wide range of transactions involving trusts.

Key issues to be considered include:
- the range of transactions involving trusts that under the new provisions can get caught within Division 7A
- exempt transactions permitted
- operative dates for the legislation
- anti-avoidance provisions within the Bill
- what qualifies as a loan repayment.

These seminar materials analyse the impact of the legislation on more common trust transactions and consider what remedial opportunities are available for transactions entered into since the Treasurer's announcements of 12 December 2002 foreshadowing the repeal and replacement of s.109UB.

The new 's.109UB'

Author(s): Terry Murphy
Materials from this session:

Details

  • Published On:4 Mar 2004
  • Took place at:Leonda by the Yarra, Hawthorn

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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