Tax News & Articles

Section 100A can apply to trust distributions where a beneficiary is made presently entitled to a share of trust income and that present entitlement arose out of a reimbursement agreement. This draft ruling is intended to address the exclusions – in other words the situations where section 100A does not apply.

Do you, or a client, have a discretionary trust that owns, has owned or intends to purchase ‘residential land’ in NSW?  Alternatively, is there a