Bankruptcy

Abnormal income and primary production trusts

A taxpayer who would otherwise be eligible to elect to spread abnormal income over a period of years may become ineligible if a 'disentitling event' occurs. These include death, bankruptcy or insolvency, permanent departure from Australia, or ceasing to carry on the primary production business.

Indemnities for trustees and liquidators

What trustees and liquidators need to consider when making an indemnity request to the Deputy Commissioner of Taxation.

Representatives of incapacitated entities

Questions and answers regarding representatives of incapacitated entities.