ATO updates guidance for UPEs under sub trust arrangements

Brent Murphy and Sam Ayoubi discuss Practical Compliance Guideline PCG 2017/13.

The Federal Commissioner of Taxation (Commissioner) has released an updated Practical Compliance Guideline “PCG 2017/13 ‘Division 7A – unpaid present entitlements under sub trust arrangements maturing in the 2017, 2018, 2019 or 2020 income years’.PCG 2017/13 provides a concession by the Commissioner to his published view of the correct tax treatment of an unpaid present entitlement (UPE) from a trust (the Trust) to a company beneficiary (the Company) arising on or after 16 December 2009 and p...

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Authors: Brent Murphy, Sam Ayoubi

Published Date: 01 July 2019