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Trusts Intensive - Part 1: Entitlement to the income of a trust

Tuesday, 16 June 2020 - 12:30 PM to
Tuesday, 16 June 2020 - 2:00 PM
Online AEST
Event Coordinator: ZoeWender@taxinstitute.com.au
     

Registration Time:

Member Price: $80.00

Non Member Price: $100.00

CPD hours:1.50

Part 1: Entitlement to the income of a trust

Many disputes in the context of trusts revolve around entitlement to income – who is entitled to it, when are they entitled to it, who can disclaim it and if so, on what basis and for how long? In many cases, the issues also involve the actions of trustees of the trust.

This webinar examines a number of the issues arising in this context through the lens of Lewski v Commissioner of Taxation [2017] FCAFC 145.

- Have the trustees understood the terms of the trust?

- Have the trustees validly appointed the income of the trust to particular beneficiaries/objects before the end of the income year?

- In what circumstances can the making of a determination be inferred from the way in which income is dealt with in the accounts of the trust?

- Can the trustees revoke a determination with retrospective effect?

- If not in the case of any of the foregoing, what is the consequence?

- Can a beneficiary/object refuse/reject or disclaim a distribution or appointment?