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Thomson Reuters Trusts Tax Bulletin June 2022

Get all latest trusts tax news and developments

In this issue, we cover a range of topics affecting you and your clients including:

  • Final word on disclaimers by beneficiaries
  • The taxable facts as at 30 June rule from Carter does not have universal application: a reminder
  • Reimbursement agreements: long awaited guidance on s 100A, but read with caution!
  • TR 2022/D1: "Guilty until proven insane"
  • PCG 2022/D1: "Highway to the danger (red) zone"
  • TD 2022/D1: – Is this the Commissioner's answer to the lack of targeted amendments to Division 7A?
  • PCG 2021/4: Allocation of professional firm profits – ATO compliance approach – the lucky (or not so lucky) prize wheel!
  • Absolute entitlement and why 2022 should be the year for some certainty
  • The taxation of capital gains: at the end of the day, an optional tax?
  • The ATO's renewed focus on private groups – taxpayers need to be prepared

We also cover the latest:

  • Legislative announcements and development
  • Case law development
  • Rulings and other ATO documents
  • ATO administrative practice
  • State taxes
Thomson Reuters Tax News Team

 

Last revised on : 28-07-2022
 

Lawyer in Profile

Julian Smith
Julian Smith
Partner
+61 3 9258 3864
julian.smith@maddocks.com.au

Qualifications: BA, LLB, Monash University, LLM, University of Melbourne

Julian is a Partner in Maddocks Commercial team. He advises a diverse range of clients across the Australian commercial and financial services landscape.

Julian's corporate practice spans various sectors, including financial services, professional services, and family-owned enterprises. He advises on:

  • capital raising,
  • disclosures,
  • restructures,
  • mergers and acquisitions,
  • corporate governance,
  • directors' duties, and
  • trusts, corporations, and securities law.

Julian's financial services practice involves advising financial market participants on the entire financial services lifecycle including fund structuring, management options, and compliance with regulatory requirements.

Julian also offers guidance on alternative and disruptive financial services businesses, such as online foreign exchanges, internal markets, and management rights schemes.