This one hour NTAA EXPRESS seminar addresses the ATO’s increased audit focus on S.99B, in light of NEW ATO rulings. 

We provide a practical guide on how the ATO will apply S.99B to distributions from foreign trusts, deceased estates and the potential impact on resident trusts. 

Topics covered:

• When does S.99B apply to tax Australian residents on distributions from foreign trusts?
• Common scenarios that may trigger S.99B 
• Dangers related to inheritances received from foreign deceased estates
• ATO confirms S.99B exceptions only apply in limited circumstances
• When will the ATO consider a distribution to be ‘low risk’ under its compliance approach?
• Proper record-keeping is essential to prove S.99B does not apply to foreign trust and deceased estate distributions
• Dedicated Q&A session at the conclusion of the presentation