Section 100A (s100A) – A Closer Look at Trust Distributions by the ATO

In late February of 2022 the ATO released a draft ruling under Section 100A (s100A) in Division 6 of the Income Tax Assessment Act 1936 regarding the treatment of ‘reimbursement agreements’ resulting from trust distributions. Broadly speaking a ‘reimbursement agreement’ is when a beneficiary of a trust (usually a child) is entitled to a distribution […]