AUSTRALIAN TRUSTS TAX HANDBOOK 2019-20

The "Australian Trusts Tax Handbook 2019-20" by Anna Ziaras is a practical guide to the taxation of trusts in Australia. Here is a comprehensive overview of the book:

Key Themes and Content

1. Taxation of Trusts: The book provides a detailed guide to the rules and regulations governing the taxation of trusts in Australia. It covers topics such as income and net income calculations, streaming capital gains and franked distributions, and making effective trust distributions.

2. Practical Guidance: The handbook is designed to meet the needs of practitioners and students, offering plain English explanations, definitions, examples, case studies, sample trust deed clauses, tips, and alerts.

3. Step-by-Step Guides: It includes step-by-step guides for calculating the income and net income of a trust, streaming capital gains and franked distributions, making effective trust distributions, and drafting distribution minutes.

4. New Developments and Updates:

   • CGT Small Business Concessions: The book includes a new chapter on the CGT small business concessions, including commentary on recent amendments to the basic conditions applying to trust interests and shares (Chapter 9).
   • ATO Rulings and Decisions: The commentary has been updated for legislative changes and other new developments, including an important ATO ruling on trust vesting, the High Court decision in FCT v Thomas & Ors HCA 31, an ATO draft determination on trust split arrangements, new cases on deductions, and an ATO determination on how the Div 7A interposed entity rules apply to ordinary commercial transactions.

Critical Reception

While there is no specific critical reception provided for this particular edition, the series is generally well-regarded for its comprehensive coverage and practical guidance. The Australian Trusts Tax Handbook series is published by Thomson Reuters Australia, a reputable source in legal and tax publications.

Publication Details

• Title: Australian Trusts Tax Handbook 2019-20
• Author: Anna Ziaras
• Publisher: Thomson Reuters Australia
• Publication Date: 13th August 2019
• Format: Paperback
• ISBN: 9780864697967
• Language: English
• Audience: Professional and Scholarly

Conclusion

The "Australian Trusts Tax Handbook 2019-20" by Anna Ziaras is a valuable resource for professionals and students in the field of trust taxation. Its practical approach, coupled with its comprehensive coverage of new developments and updates, makes it an essential guide for navigating the complex rules and regulations governing trusts in Australia.