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  Trusts 2012

Future of trusts " The Division 6 facelift & other developments

Source: South Australia

Published Date: 3 May 2012

 

This presentation covers:

  • every lawyer & accountant knows what a trust is!
  • but what about:
    • "taxable income" using proportionate & quantum methods
    • implications for trust accounts & trust returns of franking credits, discount gains & Div. 152 small business reliefs
    • "adjusted Division 6 percentages"
    • Treasury's patch, PWC & TAD models
    • trust deed "resettlements"?
  • sec. 95 "net income" vs. sec. 97 "income"
  • Treasury's proposed facelift
  • dealing with current provisions
  • tax law definition of income & TR 2012/D1
  • amending trust deeds (or working with existing terms)
  • risks of amending deeds
  • status of Commissioner's statement of principles.

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Author(s)

Individual Session

Future of trusts - The Division 6 facelift and other new developments

Author(s): Michael Butler
Materials from this session:

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Details

  • Published By: Michael Butler
  • Published On:3 May 2012
  • Took place at:Novotel Barossa Valley Resort

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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