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Interim changes to the taxation of trusts |
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Interim law changes have been enacted that enable the streaming of capital gains and franked distributions to beneficiaries for tax purposes and introduce targeted anti-avoidance rules.
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Total and permanent disability self insurers |
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In May 2011 legislation was introduced to extend the current transitional relief for the deductibility of TPD insurance premiums to funds that self insure their liability to provide disability benefits. As the legislation has now received royal assent, taxpayers should review their assessments back to the 2004-05 income year.
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