Compulsory payment of death benefits Under Australian superannuation law, once a Self-Managed Superfund (SMSF) member dies their superannuation must be paid out of their SMSF as soon as …
Taxation
2018 Budget Measures For Testamentary Trusts
As outlined in our earlier article titled Taxation of Testamentary Trusts, income received by a child beneficiary of a Testamentary Trust is normally taxed at adult rates (section 102AG Income Tax …
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Family Trust Land Tax Foreign Person Surcharge
Revenue NSW (formerly known as the Office of State Revenue) considers Family Trusts to be subject to the Foreign Persons Surcharge on Stamp Duty and Land Tax for any New South Wales residential …
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