Labour hire arrangements and discretionary trusts

20 April 2011

The ATO has issued a taxpayer alert warning taxpayers who have been advised to use a discretionary trust to split income with associates or family members that it might not be the most tax effective arrangement.

This is particularly relevant where payments are received in relation to personal services. There may also be issues that arise under the PAYG withholding and superannuation guarantee rules in connection with these arrangements.

If you aren't sure of your position, contact our team on 02 9957 4033 or  send us an email with details of your situation and a member of our team will contact you promptly.

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This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.

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