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.
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:
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.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.