URGENT - Important changes to Trust Law On 2 June 2011 legislation to enable the streaming of franked dividends and capital gains from trusts for tax purposes, as well as targeted anti-avoidance rules with relation to trust law, was introduced into parliament. It is important that all trustees are made aware of this as they may need to act immediately, in order to comply with the potential new laws. These likely changes have come as a result of the Bamford case last year, which raised questions about the ability for trusts to stream capital gains and franking credits to beneficiaries in a tax-effective way.Keywords:
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