High Court Brings Greater Clarity on Trust Distributions

This month we explore a range of recent tax and superannuation developments that may affect individuals, business owners and trustees.

We begin with the High Court's landmark Bendel decision, which provides greater clarity around the tax treatment of unpaid trust distributions that are owed to corporate beneficiaries, while also highlighting the need to consider other anti-avoidance provisions. We then explore the ATO's increasing focus on sharing economy income as expanded data-matching programs make it more important than ever to correctly report earnings from online platforms.