The Australian Taxation Office has indicated a renewed interest in service trusts. You need to be fully aware of the relevant issues if the terms of your client's service trust arrangements are questioned by the ATO. This session looked at:
- the basis used to determine service charges
- 'safe harbour rules'
- whether Part IVA applies
- whether there are timing issues
- practical issues
- the impact of Board of Taxation recommendations.
In this session, Ken Schurgott referred to a session he presented at the Service Trusts seminar in Gosford on 12 March 2003: - seminar paper - presentation.