Trust loss provisions and Family Trust Elections (FTE)

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.

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Trust loss provisions first applied in the 1995 tax year and the "family trust" concept has became popular with the ATO.

Australia Tax

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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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This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please contact Cooper Grace Ward Lawyers.

Trust loss provisions and Family Trust Elections (FTE)

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Tax

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Australia