Trusts are commonly used entity structures in Australia, providing trustees with flexibility when dealing with the distribution of profits. However, the administration of trusts under trust law and for income tax purposes is complex and requires trustees and their advisers to be alert to the various issues that can arise during the life of a trust so that appropriate planning can be undertaken, and issues can be managed.
This event focused on topics relevant for understanding and managing a trust during its lifecycle and highlighting some recent "hot topics"? including, dealing with trust distributions, residency, and state taxes.