Trust Distribution

High Court Rejects Attempt To Disclaim Interest In Trust Distribution | Taxwise Australia | (08) 9248 8124

High Court Rejects Attempt To Disclaim Interest In Trust Distribution

By Warren Kruger / May 15, 2022 / 0 Comments

The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result of a default beneficiary clause being triggered. Facts The taxpayer, Ms Natalie Carter, was one of five default beneficiaries of the Whitby Trust, a discretionary trust. For the 2014 income year the trustee had failed […]

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