Trust distributions and 100A – A minor update

As the Commissioner could not get his section 100A rulings ready by 30 June, he has instead put out a very short summary of what we can and can’t do for this 30 June…

According to this short document, what can we definitely do and be sure the Commissioner wont apply section 100A?

What does he say we should not be doing (if he finds this he may apply section 100A)?

So it is OK to make a manager/owner presently entitled, or a company presently entitled, and retain the cash in the trust, and it is not OK to do circular distributions or just have the adult kids “effectively” gift the funds back to the parents… But what about everything in between these, which will be the majority of our distributions??? No help at all.


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