Federal Court hands down decision in family trust case

Discussion in 'Legal Issues' started by Nodrog, 1st Apr, 2019.

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  1. Nodrog

    Nodrog Well-Known Member

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    Nodrog, 1st Apr, 2019
    #1
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  2. oracle

    oracle Well-Known Member

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    oracle, 1st Apr, 2019
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  3. Nodrog

    Nodrog Well-Known Member

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    I have no idea, I barely even skimmed it. Perhaps after a few brews I might be more able to understand it:confused:. Just popped up in my inbox so in case it might be of some use to somebody I posted it here for @Terry_w to decipher:cool:.
     
    Nodrog, 1st Apr, 2019
    #3
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Public trusts are taxed similar to companies so the arguement was that the unit trust was actually a public trust and therefore the individual wouldn't be assess on the income of the trust. The trust could accumulate income basically.
     
    Terry_w, 1st Apr, 2019
    #4
    Nodrog and oracle like this.
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