Trust loss provisions and Family Trust Elections (FTE)

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Cooper Grace Ward

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Established in 1980, Cooper Grace Ward is a leading independent law firm in Brisbane with over 20 partners and 200 team members. They offer a wide range of commercial legal services with a focus on corporate, commercial, property, litigation, insurance, tax, and family law. Their specialized team works across various industries, providing exceptional client service and fostering a strong team culture.
Trust loss provisions first applied in the 1995 tax year and the "family trust" concept has became popular with the ATO.
Australia Tax

There are circumstances where a trust is required to make a Family Trust Election. It is important to identify when this will be required, whether the trust is eligible to make a family trust election and what are the implications, for example, who will be in the family group of the specified individual.

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