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Showing 21 - 28 of 28 results for "Discretionary trust"

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
The Labor government's proposed crackdown on discretionary trusts is "short-sighted" and "anti-family" given the broader tax system isn't operating on a level playing field, an industry expert says. In response to Opposition Leader Bill Shorten proposing ...

Labor cracks down on discretionary trusts

KARREN VERGARA  |  MONDAY, 31 JUL 2017
Opposition Leader Bill Shorten is cracking down on high-income earners exploiting a trust loophole that minimises tax bills. The Labor leader is pledging to impose a minimum 30% tax rate on the distributions of discretionary trusts to beneficiaries ...

The challenges of modern estate planning

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
Ageing populations giving rise to an increasing number of blended families will drive up complexity in estate planning, according to Bartier Perry Lawyers executive lawyer Chris Tsovolos. Speaking at the inaugural Financial Standard Best Practice Forum ...

Topdocs extends ABN and TFN automation

MARK SMITH  |  MONDAY, 20 JUN 2016
Following on from its automation of the Australian Business Number and Tax File Number application process for SMSFs, Topdocs has now extended the time saving feature to companies and trusts in what it says is an industry first. With over 200,000 companies ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... property development on the Gold Coast, of which Drake was the sole director as well as the beneficiary of a discretionary trust, managed by another company controlled and owned by him, that held all the beneficial ownership in the company. Through numerous ...

Education charities get philanthropy boost

MELANIE TIMBRELL  |  WEDNESDAY, 11 JUL 2012
Distributions given to education charities by Perpetual will triple this year as part of their 2012 NFP funding round. In total $12.5 million in funding was allocated from discretionary trusts to charitable not-for-profit organisations. The education ...

MIT tax regime modernised and simplified

MICHELLE BALTAZAR  |  WEDNESDAY, 12 MAY 2010
... "I think the government recognised, finally, that there's a world of difference between an MIT and a family discretionary trust. [The latter] don't have that widely-held aspect and features of MITs so if you look at the tax rules, it's a real step forward." ...

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
... down on taxpayers who attempt to claim a capital loss arising from the artificial receipt of an interest in a discretionary trust as a default beneficiary. "In the current economic environment we're expecting to see an increase in tax losses," D'Ascenzo ...
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