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- Title
Capital gains and foreign resident beneficiaries: The tax treatment of capital gains distributed by a discretionary trust to a foreign resident is at the forefront of recent guidance by the Commissioner.
- Authors
Jones, Daryl
- Abstract
In this article the author talks about the tax treatment of capital gains distributed by a discretionary trust to a foreign resident is at the forefront of recent guidance by the Commissioner. It mentions that the Commissioner released TD 2019/D6, which provides his long-held view on the treatment of capital gains derived by the trustee from the disposal of assets that are not taxable Australian property (TAP) of a resident discretionary trust.
- Subjects
CAPITAL gains tax; CAPITAL gains; NONCITIZENS; DISCRETIONARY trusts; FOREIGN investments
- Publication
Taxation in Australia, 2020, Vol 55, Issue 1, p17
- ISSN
0494-8343
- Publication type
Article