Section 99B: Examples, TD 2024/D2 & PCG 2024/D1

Recap the law of Section 99B before diving into examples from PCG 2024/D1, which analyses the risk profile of certain arrangements.

In this session, we cover:

• Recap of previous session and TD 2024/D2

• PCG 2024/D1 - Common scenarios

  • Distributions

  • Resident beneficiary

  • Non-resident becoming a resident

  • Gifts

  • Loans

  • Use of trust property

  • Foreign deceased estates

  • Loan forgiveness

• Record keeping requirements

• Corpus exception

  • Documents required

• Compliance approach for low-risk arrangements

  • Provision of trust property on commercial terms

  • Deceased estates

• Key points to think about!

Date recorded: 31 October 2024