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Discretionary distribution of property income?
Depending on the deed a hybrid deed can be amended to a fixed unit trust. Have seen it without CGT and duty in NSW.- Paul@PFI
- Post #22
- Forum: Accounting and Tax
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Discretionary distribution of property income?
Quote : buy "income" units this sounds like its already failed. The accountant saying all income is between yourselves may not be right. A compliant hybrid shouldn't be capable of issuing income or capital units without a concern. A unit should give entitlement to both. In the same %...- Paul@PFI
- Post #17
- Forum: Accounting and Tax
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Discretionary distribution of property income?
What was the source of the Hybrid Deed ?? Many hybrid trusts fail to comply to the ATO views in TD 2009/17. The ATO already has issued notices to major deed providers and know who has what hybrid deed. They havent acted (yet) Many of the comments here are consistent with the ATO views in TD...- Paul@PFI
- Post #16
- Forum: Accounting and Tax
