ARTICLE
1 October 1996

Australia's Taxation Of Foreign Trusts - Collection Of Information

TT
Trusts & Trustees
Contributor
Trusts & Trustees
UK Wealth Management
To print this article, all you need is to be registered or login on Mondaq.com.
Article by Lee Burns and Ruth Davis

The scope of the power of the Australian tax office to serve an information notice has been decided in a recent case: the details are discussed.

In FH Faulding & Co Ltd v FC of T the Federal Court held that some notices requiring a taxpayer to submit information were beyond the power of the tax authorities. The article examines the tax rules applied to foreign trusts and the procedure by which the tax authorities can request information from offshore entities. The article also shows that the case emphasises the important role of judicial review in policing applications for information under the law.

The full text of this article can be obtained from the publishers. Articles are provided either as back copies of the relevant issue of the journal containing the article or as photocopies of the issue concerned (depending on availability). A charge of £25 (prepaid, including postage) is made for each issue supplied.
ARTICLE
1 October 1996

Australia's Taxation Of Foreign Trusts - Collection Of Information

UK Wealth Management
Contributor
Trusts & Trustees
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More