Trust Tax Fundamentals Program - 2025

Learn the core principles of trust taxation in Trust Tax Fundamentals, designed for accountants working in tax compliance and advisory.

Featuring a case study throughout, the program covers the legal foundations of trusts, how trust income is taxed, and key tax integrity measures.

In this program, we cover:

• Introduction to Trusts

  • Introduction to the case study

  • How did trusts come to be?

  • Legal nature of trusts

  • Types of trusts

  • Brief introduction to the taxation framework for trust income

• Trust Income & Beneficiary Entitlements

  • Who gets taxed and present entitlements

  • Trustee distribution minutes and “net income” of a trust

  • Taxing the beneficiary: “net income” vs “trust law income”

  • Beneficiary disclaimers of entitlements (Carter case)

  • Trustee assessments & PS LA 2015/2

• CGT, Streaming & Trust Losses

  • CGT and trusts - an overview

  • Some CGT events relevant to trusts

  • How to treat capital gains in a trust

  • Trust losses

• Trust Integrity Measures

  • Family trusts

  • Family Trust Elections (FTE)

  • Section 100A

  • Division 7A

  • Trust resettlements

  • Vesting a trust