Quantcast
Subscribe to our newsletter

 

 

ATO releases draft guidance on fixed entitlements

The ATO has released a draft practical compliance guideline outlining the factors it will consider when determining whether a trust is fixed, which can impact whether an SMSF has non-arm’s length income.

ATO releases draft guidance on fixed entitlements
smsfadviser logo
  • Shared by SMSF Adviser
  • November 10, 2016
share this article

Practical Compliance Guideline 2016/D16, released last week, outlines the factors that the commissioner will consider when deciding whether to exercise the discretion to treat an entitlement as being a fixed entitlement. The decision to treat it as a fixed entitlement results in a trust being treated as a fixed trust under the trust loss provisions.

Read the full story at SMSF Adviser.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles