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Notes Online Home 2023 Tax Schools Day 2 ATO releases final guidance attacking family trust distributions
Trust distributions to the ‘controllers’ of a discretionary trust (e.g., ‘Mum and Dad’)
This section of the notes looks at Trust distributions to the ‘controllers’ of a discretionary trust (e.g., ‘Mum and Dad’), more specifically
- Distributions that only benefit certain family members
- Trust distributions received and enjoyed by the recently entitled beneficiary within two years
- Trust distributions that are retained by the trustee for a period of two years or more