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Is my trust a resident trust estate? And why does it matter?
17 June 2020
The tax issues raised when someone stops being a resident of Australia for tax purposes can be complicated. There are additional complications if the person moving overseas also controls assets held in discretionary trusts.
Trustees beware – distributions of capital gains to non-resident beneficiaries held to be taxable in the Greensill decision
25 May 2020
Trustees of discretionary trusts and many unit trusts that distribute capital gains to non-resident beneficiaries will need to include these capital gains in their assessable income.