The ATO’s TD 2018/D3 concludes that trust splitting will cause a CGT event E1, with the final determination proposed to apply retrospectively and prospective basis.
Read the full article at AccountantsDaily.
ATO’s trust splitting determination under scrutiny
The ATO’s recently released draft taxation determination on trust splitting giving rise to a CGT event will cause “unnecessary and significant” taxpayer and industry backlash, warns a lawyer.
