A Matter of Trusts
Taxation in Australia Journal
This article provides an overview of the Commissioner’s long-awaited preliminary views on trust splitting provided in TD 2018/D3.
The tax treatment of trust splitting has been the subject of a lengthy period of consultation by the ATO, and public guidance from the ATO on the tax treatment of trust splitting is long-awaited. Taxation Determination 2018/D3 is a simplistic and at times unsubstantiated response to an area fraught with complexity that needs a comprehensive response to provide taxpayers certainty when considering trust splitting arrangements.
Download the full paper to continue reading: Preliminary ATO views on trust splitting