Gifting private trust units where the only trust asset is the pensioner's principal home
Gifting of trust units where only trust asset is pensioner's principal home
If a veteran who would like to:
Assessable Income from Non-discretionary Trusts pre 01/01/2002
Assessment of income
Beneficiaries of [glossary:non-discretionary trusts:512] may have an interest in the trust's income depending on the nature and terms of the trust deed. The share of the trust's income that is allocated or distributed by the [glossary:trustee:496](s) to a beneficiary is assessable income. Allocations and distributions are assessed as income for 12 months.
10.5.1 Overview of Income Streams
What is an income stream?
Section 5J
An [glossary:income stream:406] is a series of regular payments, made for life or for a fixed term, which are purchased with a capital sum or made directly from accumulated superannuation contributions. An income stream can only be paid by one of the following entities:
Valuation of the Assets of a Designated Private Trust & Company
Last amended: Attributable assets of a designated private trust and company
Disposal/Deprivation of Rental Income
What is disposal of rental income?
Other Primary Production Issues
Assets Value of Managed Investments
Types of managed investments
[glossary:Managed investments:707] include:
10.6.3 Documentary Requirements - Spousal Maintenance Agreements
Last amended: 18 June 2010
VEA →
Section 5K(1) VEA – definition of maintenance income
Section 5H(1) VEA – definition of ordinary income