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UB statements - GST on in-specie trusts

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Published on 30 Oct 00 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

The use of trusts for their flexibility in commercial and tax situations has been under constant attack from the Revenue authorities for many years.
This seminar will focus on the relevant issues associated with Trusts as they currently stand and provides a refresher on these issues prior to the impending Entity Tax regime.

The following topics will be covered:

  • Trust losses:
    - Family Trust election pitfalls
    - Income injection test
  • UB Statements
  • GST on in specie Trust distributions
    Examples are provided by the speakers to illustrate the issues discussed.

    Author profile

    Paul Tanti CTA
    Photo of author, Paul TANTI Paul Tanti, CTA, is a partner in the Thomson Geer Tax Section and has a broad range of experience in providing specialist taxation and commercial advice to a wide variety of clients. His broad base of clients includes legal and accounting firms, private and listed companies, high net worth individuals, and private equity funds. Paul advises on all areas of Federal and State taxation law and related commercial matters. Paul is a regular speaker on tax and related commercial matters for various professional bodies. He is a member of The Tax Institute, a member of the Law Council of Australia’s Business Law Committee (South Australian Tax Sub Committee), and a member of the South Australian State Taxes Liaison Group. - Current at 05 December 2023
    Click here to expand/collapse more articles by Paul TANTI.

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    Individual sessions

    UB statements - GST on in-specie trusts

    Author(s):  Paul TANTI

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