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  2009

Bamford's Case - Watch out for the Practical Implications

Source: New South Wales

Published Date: 29 Oct 2009

 
The Full Federal Court decision in Bamford's case represents a landmark decision in the area of taxation of trusts and is probably the most important decision handed down by the courts so far this year. It also has very significant practical implications in connection with the drafting of discretionary trust deeds and trustees' resolutions in relation to the distribution of trust income and capital. This event was aimed at those involved in the drafting and/or reviewing of discretionary trust deeds and/or trustees' resolutions.

This event covered:

  • proportionate approach v quantum approach - which one is correct?
  • distribution of capital gains and other categories of income - is this still possible?
  • drafting of trust deeds - what to watch out for?
  • wording of trustees' resolutions.
Note: These materials were also deliverd at events held on the following dates:
  • 29 September 2009 at Sydney (October Bi-Monthly Breakfast Club)
  • 1 October 2009 at Parramatta (October Bi-Monthly Breakfast Club)
  • 27 October 2009 at Hurstville (October Quarterly Breakfast Club)

Bamford's case

Author(s): Peter Berg
Materials from this session:

2009 October Breakfast Club tax update

Materials from this session:

Details

  • Published On:29 Oct 2009
  • Took place at:The Chatswood Club, Sydney

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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