ATO update on trust reimbursement agreements
On 23 February 2022, the ATO issued multiple draft guidance documents relating to trust arrangements that may be caught by anti-avoidance trust tax laws. The ATO has now clarified the draft guidance after receiving submissions from the tax professionals and accounting bodies.
ATO Scrutiny of Family Trust Arrangements
On 23 February 2022, the ATO issued multiple draft guidance documents relating to trust arrangements that may be caught by anti-avoidance trust tax laws.