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Family trusts can benefit from tax concessions that come with making a Family Trust Election (FTE) but risk Family Trust Distribution Tax (FTDT) if not managed well.

Tax has always been a fundamental part of how businesses contribute to society. Its role within the Environmental Social Governance (ESG) space is starting to build strong momentum. As organisations sharpen their focus on ESG outcomes, tax considerations and the governance structures that support them have become critical markers of responsible management and long-term value creation.

ATO tax reviews 2025: ATO targeting privately owned and wealthy groups with Top 500, Next 5000 and Medium and Emerging Private Groups programs.

Section 99B of Australia’s tax law can trigger unexpected tax liabilities for residents receiving foreign trust distributions, including gifts, loans, and use of trust property. With increased ATO scrutiny and recent guidance, it’s vital to assess residency status, maintain clear documentation, and understand the tax implications before receiving overseas transfers.

Receiving money from overseas can trigger unexpected Australian tax consequences, especially when foreign trusts are involved. With the ATO increasing scrutiny on international transfers, including gifts, inheritances, and loans, it’s vital for Australian residents to understand their tax obligations. Section 99B of the Income Tax Assessment Act 1936 and recent ATO guidance highlight the risks of poor documentation and lack of planning. This article explores common scenarios, the importance of maintaining records, and how proactive tax planning can help avoid significant liabilities for both recipients and their overseas families.

The ATO has confirmed a stricter application of section 99B - taxation of foreign trust distributions, meaning more distributions or benefits from foreign trusts to Australian residents may now be taxable.

Franking credits – a cornerstone of the Australian tax system – often an underappreciated aspect of tax planning, represent a potent asset for investors, particularly as the fiscal year draws to a close.

If you have sold or are looking to sell your business, there may be significant Capital Gains Tax (‘CGT’) on the capital gain. However, if you are a family or privately-owned business owner, you may be able to reduce your CGT through the small business CGT concessions (‘SBCGT Concessions’).