The ATO’s Attack on Trusts and Trust Distributions

The Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) because of the ATO’s more aggressive approach.

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The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically based on this information. If expert assistance is required, professional advice should be obtained.