Section 100A – were my trust distributions OK? Or is the ATO coming to help with section 100A?

$165.00

After this recording, you should be able to identify when section 100A applies to particular arrangements and options for dealing with historical risks, as well as helping clients prepare for any ATO audit activity.

Categories: ,

Description

We have (finally) received the ATO’s guidance on section 100A. The ATO has published a draft tax ruling, PCG and taxpayer alert.

 

It is clear from the guidance that the ATO has set its sights on distributions of trust income to adult children, together with other arrangements where one beneficiary is made presently entitled to trust income but some other entity obtains a benefit – and this is done for a purpose of paying less tax. There is an exception for ‘ordinary family or commercial dealings’, but how far does that concept extend?

 

In this video, our partners Fletch Heinemann and Sarah Lancaster will work through the ATO’s examples and other case studies to discuss:

  • the technical conditions for when section 100A applies
  • the ATO’s view on what constitutes an ‘ordinary family or commercial dealing’
  • the Federal Court’s recent consideration of section 100A in the Guardian AIT case
  • the ATO’s position on when arrangements will fall within the green zone, red zone or blue zone
  • the scope of the taxpayer alert, including the ATO’s focus on promoter penalties
  • options for dealing with historical section 100A risks as well as future distributions of trust income.

After this video, you should be able to identify when section 100A applies to particular arrangements and options for dealing with historical risks, as well as helping clients prepare for any ATO audit activity.

 

We hope you can join us.

Print

Copy link
Powered by Social Snap