New tax system for managed investment trusts

On 7 May 2010, the Assistant Treasurer:

• released the Board of Taxation’s Review of the Tax Arrangements Applying to Managed Investment Trusts Report and the Governments response; and
• announced a new proposed tax regime for Managed Investment Trusts.

If legislated, the changes announced by the Assistant Treasurer will have implications for eligible funds and how they administer tax. This Corrs In Brief describes the proposed reforms and provides some information on other aspects of the Board of Taxation’s Report.

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