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  Miscellaneous 2009

Administration of trusts for SME clients

Source: National

Published Date: 12 Mar 2009

 

With an increasing number of cases on trust law matters now coming before the courts, it is more important than ever for tax practitioners to ensure that they can identify and understand the relevant issues.

This presentation addresses some practical matters facing SME clients in administering the modern discretionary trust including:

  • the trust income, taxable income and distributable income debate
  • care required if relying on PS LA 2005/1 (GA)
  • streaming income with different characteristics to different beneficiaries
  • creating a present entitlement in light of recent case law
  • distributions of income versus appointments of income.

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Author(s)

Individual Session

Administration of SME trusts

Author(s): Ron Jorgensen CTA , Daniel Smedley CTA
Materials from this session:

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Miscellaneous 2009

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