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Distributable income and minuting distributions presentation
Published on 23 May 18 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This presentation covers:
- trust income and tax income, accounting v tax
- income equalisationclauses TR 2012/D1
- streaming income and capital gains post Bamfords-Div6
- trust losses -ensuring there is trust income
- consequences of having no trust income
- drafting trust distribution minutes.
Author profiles
Laura Coles
Laura Coles has over nine years of experience at PwC working across a broad range of privately held and entrepreneurial businesses in the Private Clients team. Her experience across industries and stages of the business lifecycle enables her to assist both businesses and individuals whatever their tax or accounting needs may be. Laura also runs the Advisor Connection program at PwC Perth, a series of topical taxation briefings aimed at connecting accountants, finance professionals and entrepreneurs and providing access to support from PwC to bounce ideas off, seek a second opinion or source detailed technical expertise as and when required. - Current at 28 March 2018Lee Nugawela
Lee is a director in PwC’s Private Client Practice and has over 11 years of experience providing accounting, taxation, business improvement services and business advice to a large portfolio of diverse clients. Lee works with many large family groups, providing structuring advice, asset protection and wealth creation strategies. Lee is able to leverage this experience to provide his clients with a holistic offering, advising them on a range of technical and commercial issues at both a business and personal level. Lee also runs the NextGen program at PwC Perth, a series of topical briefings aimed at providing insights into succession and the next generation. - Current at 22 October 2019
This was presented at Trusts Half Day .
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Individual sessions
Non-resident trust beneficiaries
Author(s): Antony BARRIERMaterials from this session:
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Distributable income and minuting distributions
Author(s): Laura Coles, Lee NugawelaMaterials from this session:
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The truth behind trusts
Author(s): Modiesha Stephens, Lucy FerreiraMaterials from this session:
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