CPA Australia audiocast    Discretionary trusts in the ATO's spotlight

Discretionary trusts in the ATO's spotlight

Discretionary trust structures continue to be widely used by many families around Australia, both for the purposes of holding assets and distributing income to their beneficiaries.

Discretionary trusts are so called because the trustee has sole discretion to determine whether any assets or income will be distributed, which beneficiaries will receive distributions, and how much will be received.

However, discretionary trusts are on the Australian Taxation Office’s (ATO) radar as the regulator steps up its efforts to clamp down on tax avoidance. This audio article explains.

Listen to the story.