Ask Nugget Beta Program Open: Meet Australia's human-centred AI tax research companion. Apply now →
Understand the tax and integrity rules for trusts, including FTEs, Section 100A, Division 7A and UPEs.
In this session, we cover:
Family trusts
What they are
Advantages & Disadvantages
Family Trust Distributions Tax (FTDT)
Family Trust Elections (FTE)
Family Control Test
Specified individual & the “Family Group”
Retrospective elections
Revocation of FTEs
Interposed Entity Elections (IEE)
Trust Resettlements
Integrity measures
Section 100A
Division 7A/ UPEs/ Bendel
Offshore trusts
Vesting a Trust
Trust law consequences
Tax law consequences
Changes to trusts