Our Bamford trust deed amendments are suitable for accounting, legal, and professional advisers who rely on highly effective legal documentation, and appreciate the value of old-fashioned and informed customer service.
Order your Bamford trust deed amendment today and receive your documents electronically with fast turnaround. Our trust deeds and variations have been carefully drafted by our legal partners to ensure compliance with relevant tax legislation and industry best practice.
Product Overview
- Our Bamford trust deed amendment documentation has been carefully drafted to comply with the appropriate legislative and tax office requirements
- Our highly experienced team manually reviews every submission to ensure information is free from error and complete - saving you headaches and costs down the line
- We pride ourselves on great and informed customer service, and our professional team is available to discuss any question or client issue you may have
- Standard printing, packaging and delivery available for $49.50 (GST inclusive).
Bamford Overview
The High Court's decision in Bamford's case (2010) provides clarity on the acceptable definition of "income" in trust deeds. They key implication is that a trust deed can define income in accordance with the provisions of the Income Tax Assessment Acts, such that profit and loss accounts of the trust can be prepared on the basis of net income to ensure there are no differences between income of the trust estate and net income.Trust deeds should be reviewed in light of the Bamford case decision to ensure that:
- they contain provisions permitting capital amounts to be treated as income to which beneficiaries are presently entitled; and
- any provisions that define ’income’, or that affect trust income operate appropriately as they will have implications for beneficiaries’ assessable income.
If you are in doubt about whether your trust deed complies with the requirements set out by the High Court in Bamford's case, seek legal advice. You should also ensure that the trust deed contains a power to adopt a different definition of income from year to year if needs be, and that the power is exercised on or before 30 June for that year.
What's Included
When you order a Bamford trust deed amendment through abnaustralia.com.au you receive the following documentation:- A high-quality Bamford trust deed of variation individually prepared and reviewed by our legal partners
- Printing, binding, and delivery option available.
Our Promise
Our team has been providing affordable business registration and legal document services since 1976. Our longevity reflects our reputation for the best customer service in the business, underpinned by our commitment to effective documentation and attention to detail.
In order to ensure you and your clients are protected against legal risks, it is important that your trust deed documentation is individually reviewed and prepared by an actually qualified lawyer with experience in this area. This is exactly what you get when you order through abnaustralia.com.au. Not only do our lawyers ensure your documentation complies with the appropriate legislative and tax office requirements, they also ensure your documents are maintained in line with the latest industry innovations.
Our goal is to partner with accounting and professional firms who understand the value of an informed business registration and legal document provider. Why not try ordering your next trust deed of variation with us at ABNAustralia.com.au and experience for yourself the difference in service that our existing customers have come to expect.