If the word on the street is correct, section 100A will soon become the ATO’s next major target for its audits on trust distributions. Broadly, section 100A can apply when one beneficiary is made presently entitled to trust income, but another beneficiary (or the trustee) gets the benefit of that trust income – and one of the purposes of the arrangement is to pay less tax. Expect arrangements involving UPEs, distributions to adult children and distributions to loss entities to fall under the ATO’s microscope. However, there is some respite: an ‘ordinary family or commercial dealing’ is excluded from section 100A.
In this webinar, our partner Fletch Heinemann will work through a series of case studies to discuss:
After this webinar, you should be able to identify section 100A issues and help clients prepare for any ATO audit activity.
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.