'Trusts- All you need to know' Seminar Notes - May & June 2011

Notes from the 'Trusts - All you need to know' seminar include the powerpoint presentation and cover the following content in detail: 

• 2010-2011 Developments
  • Treasury Discussion Paper: Improving the Taxation of Trust Income
  • Exposure Draft: Interim Changes to Improve the Taxation of Trust Income -
    Streaming of capital gains & franked distributions; new anti-avoidance provisions
• But what is the practical effect?
  • From when are the changes likely to apply?
  • Is the 2011 year ‘business as usual’?
• What about the Decision Impact Statement issued by the Tax Office post-Bamford which impacted such things as streaming classes of income, the treatment of franking credits and the taxing of capital gains?
• How should trustee distribution resolutions be framed for the 2011 year
• Distributions to corporate beneficiaries - hear the latest regarding
  • TR 2010/3 and PSLA 2010/4; and
  • Strategies which might be adopted to utilise a corporate beneficiary
• Should taxpayers consider abandoning trusts in favour of, say, companies?

To take an in-depth look at the content, click here.