Taxation of Family Trusts
28 April 2011
Professor Michael Dirkis comments on speculation that the tax treatment of distributions of income to minors from family trusts will change in the May budget in an interview with Adam Spencer on ABC Radio 2BL's Breakfast Program.
"Currently children under 18 years can recieve $3,333 tax free from family trusts," Professor Dirkis stipulates.
"The speculated change would impact on an estimated 250,000 minor beneficiaries."
Contact: Greg Sherington
Phone: +61 2 9351 0202