Australian Trusts Tax Handbook 2019-20

Australian Trusts Tax Handbook 2019-20

By Anna Ziaras

Book

$191.00 RRP

Date: 13/08/2019

Code: 9780864697967

Thomson Reuters, AUSTRALIA

Available Formats

Format Title Date Code Price
Online Australian Trusts Tax Handbook (WestlawAU) 19/12/2011 41528331 $1,196.38
Book Australian Trusts Tax Handbook 2018-19 / Nutshell: Trusts 6e 02/08/2018 9780455243337 $209.00 Add to cart
Book Australian Trusts Tax Handbook 2019-20 13/08/2019 9780864697967 $191.00 Add to cart
eBook - ProView Australian Trusts Tax Handbook 2019-20 eBook 19/08/2019 9780864697974 $191.00 Add to cart
Book+eBook Australian Trusts Tax Handbook 2019-20 Book + eBook 19/08/2019 42651789 $228.00 Add to cart

Description

The Australian Trusts Tax Handbook 2019-20 is a practical guide to the rules relating to the taxation of trusts.

Current to 30 June 2019, it is streamlined to meet the needs of practitioners and students, with plain English explanations, definitions, examples, case studies, sample trust deed clauses, tips and alerts.

There are also step-by-step guides to calculating the income and net income of a trust, streaming capital gains and franked distributions, making effective trust distributions and drafting distribution minutes.

What's New in the Australian Trusts Tax Handbook 2019-20

There is a new chapter on the CGT small business concessions, including commentary on the recent amendments to the basic conditions applying to trust interests and shares (chapter 9).

The commentary has also been updated for legislative changes and other new developments in the taxation of trusts, including:

  • an important ATO ruling on trust vesting
  • the High Court decision in FCT v Thomas & Ors [2018] HCA 31, a test case on franking credits and trust income
  • an ATO draft determination on trust split arrangements
  • new cases on deductions
  • an ATO determination on how the Div 7A interposed entity rules apply to ordinary commercial transactions

Table of Contents

  • Key trust concepts
  • The importance of the trust deed
  • Taxation of trust income - Div 6
  • Streaming of trust income
  • Trusts and capital gains tax
  • Trust-related deductions
  • Trust losses
  • Trusts and small business relief
  • Primary producer concessions for beneficiaries
  • Anti-avoidance rules
  • Trusts and deemed dividends - Div 7A
  • Closely held trusts
  • Unearned income of children
  • Administration, tax returns, tax rates
  • Rates of tax
  • Review of trust tax provisions
  • State and territory taxes

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Carry out trust distributions with total confidence

The Annual Trust Distributions Workflow is an interactive workflow that breaks down the process of how to make trust distributions into easy to understand steps, and includes extensive explanatory commentary and sample resolution templates.

The Workflow also includes the Annual Trust Distributions Calculator, which allows you to perform 'what if' scenarios to determine the nature and quantum of distributions to allocate to each beneficiary.