Tax Losses 2 of 3: Trust tax losses – Do you pass the trust loss rules?
by Raul Valois, Partner Australian trust loss rules are complex, poorly understood and onerous to apply. As a result, business or investment trusts risk claiming losses incorrectly, a situation that can result in a significant tax liability. By making a family trust election (FTE), small to medium sized privately-held businesses operating as a trust can [...]