Level: Advanced   Points: 1

David Russell QC
Ground Floor Wentworth Chambers

Our presenter will briefly discuss Commissioner of Taxation v Bamford:
Bamford v Commissioner of Taxation [2010] HCA 10 as the High Court has
had the opportunity to consider:

• The meaning of all of the phrases “presently entitled”, “share” and “net income”;
• The tax treatment of capital gains made by trusts; and
• The difference between the net income and the distributable income of a trust.
  Our presenter will also briefly provide some tax planning ideas.