Trusts continue to be a preferred investment structure, yet we often struggle with the notion of trust law and income tax obligations. This presentation reviews recent cases surrounding trust distributions and the practical problems of keeping these effective, including:
- the pitfalls and opportunities of trust distributions
- avoiding ineffective trust distributions - drafting the minutes
- unravelling the Commissioner’s view in PS LA 2005/1 GA on distributing capital gains
- do I need a controlling individual or significant individual?
- the 2006 Budget changes.