Tax Talks

410 | Foreign Trusts and Companies

In this episode, we cover six questions about foreign trusts and companies.

Foreign Trusts and Companies

In this episode, let’s ask Bradley Murphy and Darren Catherall of Murphy Tax in Sydney six questions about foreign trusts and companies.

Here is what we learned but please listen in as Bradley and Darren explain all this much better than we ever could.

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Foreign Trusts and Companies

Here are the six questions we cover in this episode.

1 – What is a Transferor Trust?

2 – How do certain rules apply to Resident and Non-resident Beneficiaries?

3 – For the streaming of capital gains, does it matter whether TAP or non-TAP?

4 – What is Conduit Foreign Income?

5 – How are the CFC and CMAC concepts similar and different?

6 – Why does s99B not apply to Bare Trusts?

These are the questions we cover in this episode. Please listen to it since Bradley and Darren share a lot of very helpful information.

MORE

Assessment of the Trustee

s99B Carve Outs

s99B ITAA 1936

 

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