In this episode of TaxLand, Fletch and Sarah journey through the ATO's new draft tax determination and PCG in relation to whether amounts of trust capital distributed to Australian resident beneficiaries are subject to section 99B. There's a special shout-out for art lovers and yacht enthusiasts who may benefit from foreign trusts: be careful of borrowing paintings or going sailing in the Mediterranean! Travel to TaxLand with us via Spotify or Apple Podcasts to learn more.
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