Family Trust Election & Interposed Entity Election Matters

yw0830

Family Trust A has tax profits, and would like to distribute tax profit to a related company which had big losses carried forward.

Should I fill up FTE or IEE?

我发现用handitax准备Family Trust A的Tax return,填写interposed entity election时，先填了一家公司(Pty Ltd)將领取Family Trust A的Losses，还非要我再填一个Family Trust, 否則validation errors多如繁星，如沒有其他family trust，此是不能lodge tax return？大家可有相同的经验？

用其他的Tax Software同鞋们，都是怎么做的？

还有对那家公司(Pty Ltd) with tax losses 领取Family Trust A的Tax profit，报税表上需要再填一次ITE吗？

yw0830

JohnnySu

Trust 在任何情况下都不能分配损失 这是基本原则

lee2267

老大。。election 不是这么用的。。要多读书啊。。你这个是政策性错误了。。

看官网吧

http://www.ato.gov.au/Individual ... and-answers/?page=4

yw0830

lee2267 发表于 2013-7-14 15:16
老大。。election 不是这么用的。。要多读书啊。。你这个是政策性错误了。。

看官网吧

Sorry, my writing mistakes.

Family Trust A has tax profits, and would like to distribute tax profit to a related company which had big losses carried forward.

Should I fill up FTE or ITE?

yw0830

JohnnySu 发表于 2013-7-13 23:13
Trust 在任何情况下都不能分配损失 这是基本原则

See below no.5

jeff_lawsons

1.     As long as the company is wholly owned by the individual specified in the family trust election, it should not need to make an interposed entity election as it should automatically be a member of the family group.

2.   As long as the company passes the continuity of ownership test or same business test it should be able to offset the carried forward losses against the income received from the trust.

3.   You need to make sure the distributions are actaully paid into the "loss company" otherwise the Div 7A may be relevant because of the UPE.