Trust Distributions and Bamford

Last Updated June 2011

Due to the decision handed down in a High Court case (Bamford vs the Federal Commissioner of Taxation) and the Taxation Office's response to that decision, the way trusts have been operated – for taxation purposes at least – are changing.

The matters are complex for both the accounting and legal professions, and whilst some interim measures have been introduced by the Government, many aspects are far from resolved.

Accordingly, it is situation of “watch this space”.