ATO, Australian Taxation Office, Business Owners, Disclosure, Discretionary trusts, Partners, Professional practices, TA 2013/3, Tax, Tax benefits, Taxation, Taxpayer Alert, Taxpayers, Trustees, Trusts, Whitehawk Advisors
Professional Services Alert – ATO raises concerns about partnerships of discretionary trusts
Taxpayer Alert TA 2013/3 Purported alienation of income through discretionary trust partners. Overview The Tax Office recently issued Taxpayer Alert TA 2013/3 warning about the use of arrangements where an individual purports to make the trustee of a discretionary trust a partner...