The transferor trust measures operate to accruals tax residents of Australia who have transferred property or services to a non-resident trust estate on certain profits derived by the trust.
Related measures also operate to impose an interest charge on certain trust distributions from non-resident trusts that are included in the assessable income of a resident beneficiary. Broadly, the interest charge applies if the profits of the trust from which the distribution was made were not subject to tax:
- in a listed country, or
- because of attribution under the transferor trust provisions.
See the glossary in appendix 2 to find the meaning of certain words and expressions used in this chapter.
Summary of chapter 2
Are you subject to the transferor trust measures? |
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Interest charge for beneficiaries of non-resident trust estates |