- Description
- Specifications
This paper analyses how Unit Trusts are structured and includes commentary on the components of a Unit Trust as well as an explanation on how Unit Trusts are utilised, particularly from the point of view of a small/medium enterprise.
The paper, including Addendums, is presented in eighteen pages, including commentary on:
- Introduction To Unit Trusts
- Determination Of Unit Trust Profit
- Unit Trust Taxable Income
- Comparison To Partnerships
- Unit Trust Paying Tax
- Capital Gain
- Trust Losses
- Bad Debts
- Tests Which Apply To A Unit Trust To Determine Whether A Claim Can Be Made For Prior Year Losses, Current Year Losses or Bad Debts
- Family Trusts - For Unit Trusts
- Family Trust Election
- Family Control Test
- Distribution Of Income From A Family Trust
- Distribution From A Family Trust To An Interposed Entity
- Income Injection Test
- Family Trusts - Is This The Right Election For The Unit Trust To Make?
- Fixed Trust
- Tests That Apply To Determine Deductibility Of Trust Losses And Bad Debts For A Unit Trust That Is Not A “Family Trust”
- Income Injection Test For Unit Trusts Which Are Not “Family Trusts”
- 50% Stake Test
- Discretionary Trust Owning Units In A Unit Trust
- Exemption For Discretionary Trusts - Other Than Being Family Trusts
- Capital Gains Tax Issues For Unit Trusts
and includes Addendums:
- Tests For Determining Whether A Unit Trust Is A Family Trust
- Distributions From A Family Trust That Is A Unit Trust To An Interposed Entity, Elections Necessary; If Distributions Not In Accordance With The Election Family Trust Distribution Tax Imposed At 46.5%
- Additional Test That A Family Trust, Which Is A Unit Trust, Has To Satisfy
- Tests That Apply To Determine Deductibility Of Trust Losses And Bad Debts For A Unit Trust That Is Not A Family Trust