Trust losses are not subject to the Division 35 non-commercial loss rules.  Instead the trust loss provisions in Schedule 2F ITAA36 apply.

A reimbursement agreement is an arrangement, where the trustee channels trust distributions via beneficiaries to a third party. 

A revocable trust is a pretend game.  So the Commissioner can put an end to the charade and tax the trustee instead.

A CGT event E4 can only happen in relation to a fixed or hybrid trust interest. The non-assessable part results in a cost base adjustment per s104-70 ITAA97.

How do the small business CGT concessions in an asset sale actually work out? Let’s go through an example. 

The basic conditions are the biggest hurdle to take before you can claim the small business CGT concessions. If you get over these, you are on the home run.

How to stream trust income sounds confusing enough in theory but gets even more confusing when you drown in numbers. But here is a simple example.

Streaming of trust income is a good way to tax-effectively channel income to the right beneficiaries.

Beneficiaries and/or trustee pay the income tax for a trust. But who pays how much?

The issue of unpaid present entitlements comes up pretty much every time you deal with a trust.