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Tax Q & A: Trust distributions: the implications of the pattern of distribution test
Published on 01 Jul 99 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The pattern of distribution test was introduced as one of three control and ownership tests in the trust loss provisions, and has to be satisfied. This has become a requirement under a number of tax reforms. It is relevant to trust loss rules, small business CGT concessions, and company loss rules. Some answers are provided in this article.
Author profiles
Andrew O'Bryan CTA
Andrew O'Bryan, CTA is a Partner at Hall & Wilcox Lawyers and provides advice on the application of a wide range of taxation. He has substantial knowledge of taxation and commercial practice and advises his clients on income tax, capital gains tax, tax audits and reviews, fringe benefits tax, business structuring and transactions, liquidations and reconstructions, superannuation, retirement planning, business succession, estate planning, and philanthropy. Andrew advises accounting and legal firms on their clients’ affairs. He also draws clients from industry, commerce and high-net-worth private family groups. One of his main interests is advising private business owners on the transition of management and control of family businesses to the next generation. Andrew has been recognised in the The Best Lawyers in Australia in Tax Law every year since 2014 and is a leading tax lawyer in Victoria in Doyle's Guide to the Australian Legal Profession. - Current at 04 July 2023
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