Taxation Ruling

IT 2462A - Addendum

Income tax : trust stripping - income from family trust distributed to a trust owned by the taxpayer's accountant. distributed amount returned to the family trust in the form of an interest free loan repayable on demand.

  • Please note that the PDF version is the authorised version of this ruling.

FOI status:

may be released


In paragraph 19, delete the sentence: "However, the decision is subject to appeal."

Commissioner of Taxation
9 December 1993


ATO references:

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 2462