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If you have transferred property or services to a non-resident trust estate, the profits of the trust may be attributed to you - that is, the profits may be included in your assessable income even though you have not received a distribution from the trust.
You will be regarded as a transferor if you:
Last modified: 05 Dec 2006QC 18000
- have at any time transferred property or services to a non-resident discretionary trust estate, or
- transferred property or services after 7.30pm on 12 April 1989 to a non-resident trust estate that is non-discretionary for either no consideration or for consideration less than an arm's length amount.