Australian trusts tax handbook 2017-18 / Anna Ziaras.

Pyrmont, N.S.W. : Thomson Reuters, 2017

2017-2018.

88071

Capital gains tax -- Australia.

Trusts and trustees -- Taxation -- Australia.

Part 1. General principles

1. Key trust concepts

2. The importance of the trust deed

Part 2. Trust income

3. Taxation of trust income - Div 6

4. Streaming of trust income

5. Trusts and capital gains tax

6. Trust-related deductions

7. Trust losses

Part 3: Tax concessions

8. Trusts and small business relief

9. Primary producer concessions for beneficiaries

Part 4: Integrity measures

10. Anti-avoidance rules

11. Trusts and deemed dividends - Div 7A

12. Closely held trusts

13. Unearned income of children

Part 5: Administration

14. Administration, tax returns, tax rates

15. Rates of tax

--Part 6: Other issue

16. Review of trust tax provisions

17. State and territory taxes.

The Australian Trusts Tax Handbook 2017-18 is a practical guide to the rules relating to the taxation of trusts. Current to 30 June 2017, it is streamlined to meet the needs of practitioners and advisers and brings together all the key trust tax provisions and concepts into the one publication, with plain English explanations, definitions, examples, case studies, sample trust deed clauses, tips and alerts. There are also step-by-step guides to calculating the income and net income of a trust, streaming capital gains and franked distributions, making effective trust distributions and drafting distribution minutes. What's New: The commentary has been updated for legislative changes, in particular, the increase in the small business turnover threshold to $10 million, with effect from 1 July 2016. The threshold remains at $2 million for the CGT small business concessions. The commentary has also been updated for new ATO rulings and taxpayer alerts concerning trusts, as well as important court decisions. The Handbook also includes detailed commentary on small business CGT relief, the impact of Division 7A on trusts (particularly in relation to unpaid present entitlements) and the application of the anti-avoidance rules to trust arrangements. - Publisher's website.

9780864698858

x, 348 pages ; 24 cm