Unit Trusts: who will foot the bill from proposed tax amendments
Who we areNews and publicationsOur publicationsForvis Mazars MessengerForvis Mazars Messenger September 2018
Unit Trusts: who will foot the bill?
In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury appears to
have taken a tough and inflexible stance in addressing the ongoing industry debate on the income
tax treatment of the disposal of assets within a Collective Investment Scheme (CIS) – commonly
known as a unit trust. Unfortunately, it now seems as though the individual unitholders are likely
to bear the brunt of the proposed amendment.
have taken a tough and inflexible stance in addressing the ongoing industry debate on the income
tax treatment of the disposal of assets within a Collective Investment Scheme (CIS) – commonly
known as a unit trust. Unfortunately, it now seems as though the individual unitholders are likely
to bear the brunt of the proposed amendment.
In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury appears to have taken a tough and inflexible stance in addressing the ongoing industry debate on the income tax treatment of the disposal of assets within a Collective Investment Scheme (CIS) – commonly known as a unit trust. Unfortunately, it now seems as though the individual unitholders are likely to bear the brunt of the proposed amendment. Our article below unpacks this further, download for more:
