Trust Compliance With Anti-avoidance Rules

Is your trust complying with anti-avoidance rules? The ATO advised recently that it is reviewing selected trusts’ compliance with anti-avoidance rules under S 100AA and 100AB of ITAA 1936. The purpose of anti-avoidance rules These anti-avoidance rules are designed to prevent trustees using tax-exempt entities to shelter the trust’s net income. The ATO is looking at situations …

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