Navigating Trust Income Decisions Amid ATO’s Interim Stance on Bendel Case (Apr 25 Tax Update)

Relevant For:

Business owners and families dealing with trust income distributions involving private companies.

Key Points:

• ATO maintains existing stance on UPEs as loans despite Federal Court ruling.
• Bendel case outcome critical for future trust and company taxation strategy.
• Businesses must carefully consider compliance options for 2024 and 2025.

Full Article:

The Australian Taxation Office (ATO) recently clarified