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Articles
Below is a register of some articles from our newsletters for your ease of reference.
These articles are not intended to be and should not be used as a substitute for taking taxation advice in any specific situation. The information in these articles may be subject to change as taxation, superannuation and related laws and practices alter frequently and without warning.
You can also view the articles as an indexed list HERE.
23. Tax changes relating to a minor’s share of trust income
Kids tax loophole ………
CLOSED!
22. Accessing trust capital gains flowchart
This flowchart assumes the gain is a discount capital gain, the trust has no capital losses and the trust income (if any) does not include capital gains (or only the post-discount gain income equalisation clause).
21. A sense of entitlement – understanding the difference for tax purposes between absolute, present and specific entitlement
Getting to grips with ‘entitlements’
20. Superannuation – Payment of death benefits to estate
The law requires that a member’s benefits in a regulated superannuation fund be cashed as soon as practicable after the member dies. If the benefit is paid to the deceased person’s legal personal representative (LPR), the tax treatment may depend not only on who may be expected to benefit from the death benefit, but also on the precise timing of the payment of the benefit.
19. Estate assets passing to a testamentary charitable trust
It is becoming increasing common for Will makers to leave a portion of their estate assets in a testamentary charitable trust to continue supporting their favourite charities after their death. In doing this, it may cause potential unwanted CGT consequences.
18. Testamentary charitable trusts reporting obligations for ACNC
Australian Charities’ & not-for-profits Commission (ACNC) reporting obligations