Month: September 2014

Caution with Trust Reimbursements

On 2 July 2014, the ATO released guidance on how it intends to apply section 100A of the Income Tax Assessment Act 1936 regarding trust reimbursement agreements. Section 100A was originally introduced as an anti-avoidance measure to address what was referred to as ‘trust stripping’. Broadly, section 100A of the ITAA 1936 provides that where… Read more