By far, one of the greatest challenges facing SME businesses that operate through trust structures is avoiding the penal tax outcomes that are possible when operations are financed through profits that have been taxed at the corporate tax rate.
This presentation examines some of the methods that have been developed to work with the new paradigm imposed by the Commissioner’s UPE ruling, including:
- developing practices with corporate beneficiaries
- lessons learned from completion of 2011 accounts
- implications from the February 2012 Montgomery Wools Case
- risks and opportunities through licensing goodwill.