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READ MOREATO trust splitting determination ’moves the line for taxpayers’
A new ATO determination about the tax implications from splitting established trusts doesn’t have enough detail to explain new hardline rules, experts have warned.
In a draft determination issued late last month, the Tax Office says splitting a trust will cause a capital gains tax event, with the final ruling expected to apply both retrospectively and in the future.
Read the full article at the Australian Financial Review.
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