Just because a trust may be referred to as a unit trust in the trust deed and may contain unit trust type features, does not automatically mean it is a fixed trust. Incorrectly classifying a unit trust as a fixed trust may have serious adverse tax implications.
This event examined and discussed the distinction between fixed trusts and non-fixed trusts for the purposes of:
- the trust loss provisions
- the 45 day rule in relation to franking credits
- non-arm's length income or special income in relation to trust distributions to superannuation funds
- land tax
- practical case studies
- traps and pitfalls for the unaware.
This event was part of the March Breakfast Club 2011 and also run in Sydney on the 1st of March.