Family Trust distributions are on the ATO Hit List! What you need to know

Family Trust distributions are on the ATO Hit List – What you need to know

The ATO has changed its approach and compliance response, with family trust distributions on the hit list. Earlier this year the ATO released guidelines using ‘risk’ categories for trust distribution arrangements, indicating that the ATO is taking a more aggressive approach to investigating trust income distribution. It is expected that many family groups will pay…