Keeping Modern Trusts Relevant: Getting trust distributions right after Bamford & Cajkusic

Published on 17 Aug 2010 | Took place at Ernst & Young, Brisbane, QLD

This event explained the uncertainties about calculating net income and trust income following the decisions in Bamford and Cajkusic. It looked at a number of hard issues currently plaguing practitioners about trust distributions, using practical examples, and considered:

• the differences between taxable and trust income and the problems they cause
• Zeta Force and the proportionate view
• problems caused by the proportionate view
• income clauses and the ability of the trustee/trust deed to determine what is “trust income”
• the Commissioner’s view (including PSLA 2010/1) and Bamford’s case.