The Resource CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries

CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries

Label
CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries
Title
CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries
Creator
Subject
Language
eng
Summary
The article discusses the role that the trustees' right of indemnity plays in tax analysis and how it relates to key concepts such as "present entitlement", "vested and indefeasible interest", and "absolute entitlement". A matter of particular interest is whether the indemnity gives trustees an interest in trust assets which derogates from the prima facie rights of beneficiaries. The central contention here is that a trustee's right of indemnity has no necessary impact on the tax position of trust beneficiaries. A related contention is that the High Court decision in CPT Custodian clarified aspects of the lew, but did little to change it
Citation source
In: Australian tax review. - Pyrmont. - Vol. 40 (2011),
http://library.link/vocab/creatorName
Page, J.H
Language note
English
http://library.link/vocab/subjectName
  • beneficial ownership
  • trust
  • trustee
Label
CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries
Instantiates
Publication
Label
CPT custodian and the effect of trustee recoupment rights on the taxation of beneficiaries
Publication

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      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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