Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs

Like many other concepts in taxation law, understanding the trust loss rules and the interaction with family trust elections (FTEs) and Interposed Entity Elections (IEEs) can represent a formidable challenge to many practitioners. The complexity and uncertainty in this area of the tax legislation ha...

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Main Authors: Pinto, Dale, Wilson-Rogers, Nicole
Format: Journal Article
Published: Lawbook Co. 2009
Online Access:http://hdl.handle.net/20.500.11937/36633
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author Pinto, Dale
Wilson-Rogers, Nicole
author_facet Pinto, Dale
Wilson-Rogers, Nicole
author_sort Pinto, Dale
building Curtin Institutional Repository
collection Online Access
description Like many other concepts in taxation law, understanding the trust loss rules and the interaction with family trust elections (FTEs) and Interposed Entity Elections (IEEs) can represent a formidable challenge to many practitioners. The complexity and uncertainty in this area of the tax legislation has been exacerbated by the attempt in 2008 by the Labor government to repeal some of the significant amendments made to these rules by the Coalition government in 2007. Furthermore, an exploration of this area is timely in the context of the current Henry Tax Review. Accordingly, this article critically evaluates the labyrinth of rules involving trust losses, FTEs and IEEs. The article undertakes the evaluation in a structured way that not only considers the effectiveness of these rules, but also suggests a practical five-step methodology for practitioners to utilise when applying the rules.
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spelling curtin-20.500.11937-366332017-01-30T13:56:46Z Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs Pinto, Dale Wilson-Rogers, Nicole Like many other concepts in taxation law, understanding the trust loss rules and the interaction with family trust elections (FTEs) and Interposed Entity Elections (IEEs) can represent a formidable challenge to many practitioners. The complexity and uncertainty in this area of the tax legislation has been exacerbated by the attempt in 2008 by the Labor government to repeal some of the significant amendments made to these rules by the Coalition government in 2007. Furthermore, an exploration of this area is timely in the context of the current Henry Tax Review. Accordingly, this article critically evaluates the labyrinth of rules involving trust losses, FTEs and IEEs. The article undertakes the evaluation in a structured way that not only considers the effectiveness of these rules, but also suggests a practical five-step methodology for practitioners to utilise when applying the rules. 2009 Journal Article http://hdl.handle.net/20.500.11937/36633 Lawbook Co. restricted
spellingShingle Pinto, Dale
Wilson-Rogers, Nicole
Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title_full Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title_fullStr Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title_full_unstemmed Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title_short Navigating the labyrinth: Evaluating trust loss rules, FTEs and IEEs
title_sort navigating the labyrinth: evaluating trust loss rules, ftes and iees
url http://hdl.handle.net/20.500.11937/36633