Australian Trusts Tax Handbook 2017-18
Publication Date 4 Aug 2017
OverviewThe Australian Trusts Tax Handbook 2017-18 is a practical guide to the rules relating to the taxation of trusts. Current to 30 June 2017, it is streamlined to meet the needs of practitioners and advisers and brings together all the key trust tax provisions and concepts into the one publication, 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 The commentary has been updated for legislative changes, in particular, the increase in the small business turnover threshold to $10 million, with effect from 1 July 2016. The threshold remains at $2 million for the CGT small business concessions. The commentary has also been updated for new ATO rulings and taxpayer alerts concerning trusts, as well as important court decisions. The Handbook also includes detailed commentary on small business CGT relief, the impact of Division 7A on trusts (particularly in relation to unpaid present entitlements) and the application of the anti-avoidance rules to trust arrangements. Australian Trusts Tax Handbook is available on Thomson Reuters' Checkpoint online platform (updated in June and November each year), and is also available as an eBook on the Thomson Reuters' Proview eReader.