News : Trusts

Regulation, Trusts

Influence goes beyond ownership split

Determining if a related party is involved in an interposed entity investment of an SMSF extends beyond ownership structure.

Determining if a related party is involved in an interposed entity investment of an SMSF extends beyond ownership structure.

read more
CGT, Division 296, Tax, Trusts

Cost-base change has broad utility

The Division 296 cost-base adjustment may be useful for people expecting a latter increase in their balance, including one stemming from trusts.

The Division 296 cost-base adjustment may be useful for people expecting a latter increase in their balance, including one stemming from trusts.

read more
Trusts

Trust tax election must allow variations

Tax-exempt discretionary trusts must be allowed to vary relevant beneficiaries to account for changes in their life circumstances.

Tax-exempt discretionary trusts must be allowed to vary relevant beneficiaries to account for changes in their life circumstances.

read more
Tax, Trusts

Trust tax needs super fund delineation

Proposed laws to impose a minimum tax on discretionary trusts should unsure fixed trusts used by super funds are not included.

Proposed laws to impose a minimum tax on discretionary trusts should unsure fixed trusts used by super funds are not included.

read more
Tax, Trusts

Govt proposes trust tax solution

The government has put forward a new method for trusts to avoid a planned 30 per cent tax on their income.

The government has put forward a new method for trusts to avoid a planned 30 per cent tax on their income.

read more
Tax, Trusts

Testamentary trust protections need safe harbour

Integrity measures to prevent the misuse of testamentary trusts need a safe harbour to prevent estate plans and death benefits being excluded.

Integrity measures to prevent the misuse of testamentary trusts need a safe harbour to prevent estate plans and death benefits being excluded.

read more
Death benefits, Trusts

Clarify tax law on death benefits in trusts

Plans to exempt testamentary trusts from changes to capital gains tax should explicitly state the law will also extend to super death benefits. 

Plans to exempt testamentary trusts from changes to capital gains tax should explicitly state the law will also extend to super death benefits. 

read more
LRBA, Trusts

Bare trust must not overreach

SMSFs using a bare trust for an LRBA asset purchase should not overload that vehicle with duties to ensure it remains fit for purpose.

SMSFs using a bare trust for an LRBA asset purchase should not overload that vehicle with duties to ensure it remains fit for purpose.

read more
Trusts

Bendel case implications noted

The SMSF Association has pointed out to the ATO the potential repercussions the Bendel case decision might have for the sector.

The SMSF Association has pointed out to the ATO the potential repercussions the Bendel case decision might have for the sector.

read more
SMSF, Trusts

Keep bare trust arrangements separate

Practical rather than legal considerations are the key reason to avoid using a single bare trustee for multiple trust structures.

Practical rather than legal considerations are the key reason to avoid using a single bare trustee for multiple trust structures.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.