Family Trust Elections & Trust Losses

Do you need to make a Family Trust Election for a discretionary trust? Learn about the implications, including for trust losses.

In this session, we cover:

• Overview of Trust Loss Measures

  • What type of trust?

  • Measures applicable to a ‘Family Trust’

• Why make an FTE?

• Family Trust Elections 101

  • The ‘Family Group’

  • Test individual

  • Retrospective FTE

  • Family Control Test

  • Other considerations

• Family Trust Distribution Tax (FTDT)

  • Is it a distribution?

  • TD 2017/20

• Interest free loans

• Examples

Date recorded: 24 September 2024