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Notes Online Home 2016 Tax Hot Spots II Recent Trust Issues
In this chapter of the notes we look at the recent Trust issues. In particular, the following:
- ATO project seeks out Trusts making distributions to tax-exempt entities
- New ATO ruling on when dividing up trust assets will trigger a CGT event
- No documentation leaves asset fully exposed to bankruptcy trustee
- Trusts and asset revaluation reserves as trust property
- Beneficiaries granted ‘lifeline’ over trust deed error