Recorded Webinar: Tax Treatment of Assessable Income: What Happens at the end of the Line?

There are various types of income an entity can receive which may be excluded from being categorised as assessable income. However, this isn’t necessarily the end of the story. What about when these amounts ultimately find their to unitholders or shareholders? This session explores some of these amounts which may or may not have tax implications at the end of the line, including:

• The tax treatment of the CGT 15-year exemption amount and the 50% active asset reduction amount, when paid from a:
  • company (ongoing)
  • company (in liquidation)
  • unit trust
• How to treat the CGT retirement exemption amount not required to be paid into a superannuation fund, from a:
  • company (ongoing)
  • company (in liquidation)
  • unit trust
• Income that has been subject to family trust distribution tax subsequently paid out to shareholders/unitholders
• Income from the cash flow boost
• CGT events applying to distributions from:
  • managed investment trusts
  • attribution managed investment trusts
• Examples of other non assessable amounts derived in a company or trust paid out to shareholders/unitholders
• Practical examples calculating CGT events C2, E4 and G1