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Effective Year End Planning for Trusts

Published on 02 May 2007 | Took place at Kooyong Tennis Club, VIC

Recent trust cases have demonstrated the importance of not only developing appropriate year end strategies but implementing them ‘effectively’. This session provided some practical guidance for practitioners who want to ensure that income, gains and other amounts generated within a trust end up, and are taxed, in the intended beneficiaries’ hands.

Individual sessions

Effective Year End Planning for Trusts

Author(s):  Robert WARNOCK

This paper provides some practical guidance for practitioners who want to ensure that income, gains and other amounts generated within a trust end up, and are taxed, in the intended beneficiaries’ hands. Topics covered include:

  • resolutions - requirements, formalities and common provisions
  • reviewing the trust deed - what to look for
  • capital and income distributions - different requirements
  • distributing tax preferred amounts - tips and traps
  • definition of trust income - its impact on distribution resolutions
  • worked case studies with example resolutions
  • loans to beneficiaries - who to look for.
Materials from this session: