The 30 June Deadline for Effective Trust Distribution Minutes

The effect of both the Trust Streaming legislation and the ATO's withdrawal of IT 328 and 329 has meant that trust distributions need to be effected by no later than
30 June 2012 to prevent any risk of an adverse tax assessment.

Coupled with these developments, the ATO has recently released Draft Ruling TR 2012/D1 setting out its detailed views on the meaning of "income of a trust estate". This ruling will significantly impact how trust distributions are prepared for the current and future financial years.

This seminar will provide practical insights into the difficult issues confronted by tax professionals in this area. It will work through a range of case studies and sample distribution minutes. The presentation is essential for anyone who administers and provides tax advice concerning private discretionary trusts.

Speakers:

Syd Jenkins, FTIA & Richard Norton, FTIA