Heide Robson, Tax Talks, current as of: 19 October 2020.
Emily Pritchard, Legal & Client Services Director, sits with Heide Robson from Tax Talks to discuss the 31 December deadline for avoiding foreign trust status.
Tax Talks is Australia’s tax news podcast for tax professionals. Informative, entertaining and free.
The recent AAT decision in the case of Bendel and Commissioner of Taxation [2023] AATA 3074 is in stark contrast to the ATOs longstanding position that an unpaid present entitlement of a corporate beneficiary constitutes the ‘provision of financial accommodation’ by the company to the distributing trust. […]
Recent legislative and industry updates have introduced significant changes, including increased duty and extended vesting dates for trusts, broader electronic signing capabilities for companies, and additional guidance on the classification of discretionary trusts as foreign entities. […]
Peter Johnson highlights the complexities that arise from historical issues in SMSF trust deeds and provides practical strategies to address these challenges. […]