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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

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Notes Online Home 2025 Tax Schools Day 2 What's new in 2025 for business
New ruling set to attack distributions from foreign trusts and deceased estates

This article looks at the new ruling set to attack distributions fro foreign trusts and deceased estates more specifically:

  • Background to when foreign trust distributions may be taxed under S.99B

  • Recent ATO ruling provides more clarity on when S.99B exclusions can apply

  • ATO’s compliance approach to distributions received from foreign trusts and deceased estates

Chapters and Articles in 2025 Tax Schools Day 2

Business audit segment

What are the danger labels on business tax returns in the 2025 income year?

Which industries are being put under the audit blowtorch in 2025?

ATO announces major audit crackdown on small businesses

Common year-end tax strategies that will cost small businesses heavily

Critical planning issues for new clients with legacy division 7A issues

Recent case confirms importance of valuations for the small business CGT concessions

Businesses in distress

Maximising deductions and carried-forward losses for struggling businesses

Traps and tips with interest incurred on business loans after a business ceases

Business tax return disclosures for businesses that are closing

Strategies for maximising franking credits for businesses facing closure

Practical guide to the tax, GST and compliance issues when closing a business

Tables summarising key planning strategies and tax/GST issues for struggling businesses

Tax planning and restructuring for family trusts

Navigate the many challenges associated with S.100A and save

Maximising negative gearing benefits within discretionary trusts with unpaid distributions

Removing a beneficiary from a discretionary trust for pension eligibility and estate planning

Using the small business restructure rollover relief to achieve important savings

What's new in 2025 for business

What are the key changes to business tax returns for the 2025 income year?

Landmark decision offers critical lifeline for bucket companies and division 7A

ATO rulings unveil alarming traps with private company guarantees

New ruling set to attack distributions from foreign trusts and deceased estates

ATO renews its focus on professional clients