Taxation of trusts / Vicki Ammundsen.

Includes index.

Part I. Introduction -- 1. Introduction to trusts -- 2 Overview -- Part II. Income and distribution, business -- 3. Beneficiary income -- 4. Trustee income -- 5. Taxable distributions -- 7. Taxation of trustee investment income -- 8. Migration of settlors, trustees and beneficiaries -- 9. Trading trusts -- 10. Minor beneficiary income -- 11. Losses -- Part III. Life, leases and debt forgiveness -- 12. Life leases -- 13. Gift duty -- 14. Forgiveness of debt -- Part IV. Special rules -- Imputation -- 16. Closely held companies -- 17. Continuity -- 18. Associated persons -- Part V. Administration -- 19. Administration -- 20. Disclosure obligation -- 21. Trustee's liability for tax -- Part VI. Avoidance -- 22. Avoidance -- 23. Attribution -- 24. Asset planning -- Part VII. Goods and services tax -- 25. Goods and services tax -- Part VIII. Death -- 26. Deceased estates -- Part IX. Special cases -- 27. Gaming trusts -- 28. Funeral trusts -- 29. Unit trusts -- 30. Charitable trusts -- 31. Community housing trusts -- Part X. Variation, resettlement and winding up -- 32. Variation -- 33. Resettlement -- 34. Winding up.

"An essential guide for any trust practitioner or trustee, this book provides a comprehensive overview of how the tax laws apply to settlors, trustees and beneficiaries. The third edition of Taxation of Trusts has been updated to incorporate recent developments in charity and trust case law, the application of FATCA to trusts, reforms to the disclosure requirements for foreign trusts, new tax changes affecting land-owning trusts, and other legislative reform that affect the tax obligations of trusts. The text also includes practical examples and summaries of recent tax and charity cases." -- Cover.