Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREProposed testamentary trust measure released
A measure that aims to close a testamentary trust loophole has now been released in the form of exposure draft legislation, with a retrospective application to 1 July 2019.
Treasury has released exposure draft legislation that targets an “unintended consequence” that allows some taxpayers to inappropriately obtain the benefit of concessional tax treatment when involving testamentary trusts.
Read more at the Accountants Daily.
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