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Australian Trusts Tax Handbook, 2012-2013 Edition


Australian Trusts Tax Handbook

Dec 2011

The Australian Trusts Tax Handbook is a practical guide to the rules relating to the distribution and taxation of trust income to assist accountants and tax practitioners deal with this common, but complex, issue. The Handbook also outlines the relevant trust law concepts (including the importance of the trust deed) to assist in determining the trustee’s and beneficiary’s tax position.

Written in plain English, the Australian Trusts Tax Handbook is streamlined to meet the needs of practitioners and advisers and pulls together all the key trust tax provisions and trust concepts into the one publication, including the recent legislative measures relating to streaming of franked distributions and capital gains.

The Handbook explains the trust income tax provisions and the operation of other tax provisions such as capital gains tax to trust estates and deceased estates in clear non-legalistic terms with numerous examples, tips and alerts.

A special chapter from accounting firm, Moore Stephens, outlines the contentious issue of the impact of Div 7A on trust estates, particularly in relation to unpaid present entitlements and is supplemented by a CD toolkit incorporating an Unpaid Present Entitlements Calculator.

Other practitioner contributions are from George Kolliou (KOLLIOUTAX Pty Ltd – Lawyers) on the provisions of Div 6 and also the streaming measures and David Coombes (Norton Rose Australia) on the importance of the trust deed.

The principal author, Pip Hughes, is a senior tax writer who has contributed to a wide range of leading tax commentary publications over many years.

Up to date as at 1 October 2011, The Australian Trusts Tax Handbook also includes the Government’s consultation paper on the trust tax provisions released in November 2011.


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