Feb 2022 Tax Round Up - The ATOs attack on trust and trust distributions

The ATO has launched an attack on trust and trust distributions via the section 100A integrity rules. 

Members, download the full Feb 2022 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Inside this month Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Shop), and Lisa Armstrong bring you:

• Trusts and trust distributions - Section 100A reimbursement agreements - the impact, implications and management of TR 2022/D1 & PCG 2022/D1.
• In tandem with the s100A guidance, the ATO has released updated guidance on UPEs and Division 7A in TD 2022/D1. - we explore the issues, timing and impact.
• The temporary full expensing measure have been extended until 30 June 2023. We look at what you need to know about the extension and its interaction with the loss carry back rules.

Change is a constant for the profession. The Knowledge Shop membership can help you and your team keep ahead of change with an advisers' help desk, workpaper knowledge base, quarterly PD, and more - wherever you are and however you are working. Book in a time for a tour or call Clare on 1800 800 232.