Date/time: Tuesday 12 December 2023 02:00PM-03:00PM AEDT
Trusts are a popular choice for a business or investment structure The latest ATO taxation statistics show that in the 2020-21 income year more than 947,000 trusts lodge tax returns declaring more than $428 billion of business income. Whilst trusts are a popular choice, the rules governing the taxation of their income can be complex.
In this webinar we explore the practical implications of how drafting trust income and/or capital resolutions impacts the amount of tax a beneficiary will be subject to. We further examine how resolutions influence any subsequent amendments to taxable income by the ATO and look at when and how to stream income to specific beneficiaries. The webinar also provides practical steps needed not to fall foul of the ATO’s increased scrutiny of trusts under s. 100A and Div 7A post year end with respect to the distributions made.
Registration to this event includes: