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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

Leigh Baring
Leigh Baring
Partner
PH: 61 3 9258 3673

Leigh is a partner in the Maddocks Tax & Revenue team.

Leigh regularly provides advice on:

  • structuring of businesses and transactions;
  • mergers and acquisitions;
  • corporate reorganisations and distributions;
  • sale of businesses;
  • demergers;
  • capital raisings;
  • joint ventures and property developments;
  • international tax (both inbound and outbound);
  • succession planning; and
  • liquidations.

His advice covers both direct and indirect tax considerations.

Leigh advises Australian and multinational companies, high net worth individuals, accountants and financial advisers on all areas of taxation law.