429 FTE Questions

When you work with private clients the question of a Family Trust Election almost always comes up. But you need to be careful. A family trust election can be dangerous and cost you a lot of tax, ie. Family Trust Distribution Tax. Unlike normal income tax, the amendment periods don’t apply to Family Trust Distribution Tax, so the ATO can still hit your client decades later with FTDT. Hence, it is really important to get Family Trust Elections right.

You can listen to 429 FTE Questions online on Radio and Podcast. Open the player on this page to stream the available audio.

429 FTE Questions is an episode from Tax Talks by numba Australia Pty Ltd.

This episode is 35:29 long.

This episode was published on Oct 31, 2024.

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