Original article by Katherine Towers
The Australian – Page: 31 : 5-Sep-14

The Australian Taxation Office (ATO) has issued a new guidance note on the practice of splitting income from a discretionary trust. The structure is becoming increasingly popular among professionals such as law firm partners, after the deregulation of the legal services market. While conceding that the method is "legally permissible", the ATO says it will monitor whether risk reviews and audits may be required

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AUSTRALIAN TAXATION OFFICE, KING AND WOOD MALLESONS