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Notes Online Home 2021 Tax Schools Day 2 Key developments for trusts in the 2021 income year
In this chapter of the notes we discuss the key developments for trusts in the 2021 income year under the following broad headings:
- Recent decision highlights pitfalls with trust distributions after an ATO audit adjustment
- Setback for discretionary trusts distributing capital gains to non-resident beneficiaries
- The AAT highlights the perils of beneficiaries claiming deductions against trust income
- NTAA guide to the tips and traps with making trust resolutions and distributing trust income