FAMILY TRUST DISTRIBUTIONS

By: Anderson Smith Accountants  18-May-2011
Keywords: Accountancy and Taxation Services

We are currently working through the latest Tax Office position on unpaid Trust Distributions and have a Action plan to ensure the continued effectiveness of the family trust strategy.

Also this is the last year that trusts can distribute up to $3,000 to minors and utilise the Low Income Tax Offset to reduce tax for the recipient following the recent budget announcement.

Keywords: Accountancy and Taxation Services

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