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Introduction

Last updated 13 November 2006

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 to find the meaning of certain words and expressions used in this chapter.

Summary of chapter 2

Part 1

Are you subject to the transferor trust measures?

Part 2

Interest charge for beneficiaries of non-resident trust estates

QC18505