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Understand how CGT applies to trusts, including capital gains streaming rules, specific entitlements and the trust loss tests.
Understand how CGT applies to trusts, including capital gains streaming rules, specific entitlements and the trust loss tests.
In this session, we cover:
CGT and trusts - an overview
Some CGT events relevant to trusts
How to treat capital gains in a trust
Streaming of capital gains
Flow through of capital gains - Subdivision 115-C
Specific entitlements
Trust losses
Which tests apply to deduct a loss or debt in a trust?
50% stake test
Same or similar business test (SBT)
Pattern of distributions test
Control test
Income injection test