Section 99B: An Overview

Tackle the basics of Section 99B, which could apply tax on distributions received by resident beneficiaries from foreign trusts.

In this session, we cover:

• Section 99B

  • What is it? ​

  • Who is s99B relevant to?​

  • Why do we care?

• Section 99B requirements​

  • Addition​

  • Subtraction

• Section 99C​

• Interactions with ATO’s ‘trust tools’​

• Overview of the ATO (draft) guidance​

  • TD 2024/D2 with examples​

• Quiz time!​

  • Does s 99B potentially apply?​

  • What is the benefit being captured?​

Date recorded: 30 October 2024