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The Trust Debate... An ALP Win, page-11

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JonnoH

16,319 Posts.

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01/08/17

10:22

Post #: 26208282
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Originally posted by 9703yn ↑

Regarding 'splitting income' through family trusts, we have to discern what income is being 'split'. It is only income from invested assets, owned by the trust, and not 'personal exertion' income, that can be distributed......unless things have changed.

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It's profits from a business, which includes personal exertion, acting as trustee of the discretionary trust.
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