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Getting trust distributions right after Cajkusic presentation

Member Price: Free
Non Member Price: $15.00

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Published on 25 Sep 08

Note: This presentation was also presented at the Darwin Seminar on 28 November 2008. 

This presentation covers issues such as:

  •  the concepts of "net income", "income of the trust estate" and "distributable net income"
  • the meaning of Gleeson CJ's obiter in the ANZ Savings Bank case and whether the Cajkusic interpretation is correct
  • the various kinds of income clauses in trust deeds - (a) accounting income, (b) section 95 income and (c) income as determined by the trustee - and the effect of those formulations on tax liability
  • detailed examples of trust distributions involving capital gains, franked dividends, exempt income, rental income, disallowed deductions, and other mismatches between trust income and section 95 income.

Author profile

Michael Butler CTA-Life
Michael Butler, CTA, is the Partner in charge of the Finlaysons Tax & Revenue Group. Michael advises domestic and foreign clients on federal, international and state tax matters, and has a special interest in corporate restructurings, cross-border investment, property, wine and mining taxation, trusts, and estate and succession planning. Michael is a past chair of The Tax Institute’s South Australia State Council and a regular contributor to Institute events. Michael was made an Honorary Life Member of The Tax Institute in 2024. - Current at 13 May 2025
Click here to expand/collapse more articles by Michael BUTLER.

 

This was presented at Tax Issues with Modern Trusts .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Avoiding the vesting day: Trusts domiciled in South Australia

Author(s):  Michael BUTLER

Materials from this session:

Getting trust distributions right after Cajkusic

Author(s):  Michael BUTLER

Materials from this session:

Further details about this event:

 

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