Australian Trusts Tax Handbook 2021-22 eBook

ISBN: 9780864697356
Publisher: Thomson Reuters
Publish Date: 30/11/2021

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Australian Trusts Tax Handbook 2021-22 eBook


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The Australian Trusts Tax Handbook is a practical guide to the rules relating to the taxation of trusts to assist accountants and tax practitioners when dealing with this common but complex topic.

The Handbook outlines the relevant trust law concepts – particularly the importance of the trust deed – that play a key role when determining the tax position of the trustee and beneficiaries.

The Australian Trusts Tax Handbook is streamlined to meet the needs of practitioners and advisers and brings together all the key trust tax provisions and concepts into the one publication with easy access to a number of trust deed clauses and plain English explanations, supported by numerous examples, tips, and warnings. There are also definitional tables and step-by-step guides to calculating the income and net income of a trust, streaming capital gains and franked distributions, making effective trust distributions and drafting distribution minutes.

What's New in the Australian Trusts Tax Handbook 2021 - 2022

The commentary has been thoroughly updated for new developments in the taxation of trusts. In particular:


  • the commentary on disclaiming a present entitlement to trust income has been rewritten in light of recent case law, including Carter v FCT [2020] FCAFC 150;
  • the commentary on foreign resident beneficiaries and capital gains have been updated for the Federal Court decisions in Peter Greensill Family Co Pty Ltd v FCT [2020] FCA 559 and N & M Martin Holdings Pty Ltd v FCT [2020] FCA 1186; and
  • the new rules applying to minors and income from testamentary trusts are explained.
There is also new commentary on:
  • anti-avoidance and trusts, including the ATO’s proposed new guidelines for professionals who operate through discretionary trust partnerships;
  • closely held trusts; and
  • the CGT small business concessions.