TCC 105 - Trusts Are Back in the ATO Spotlight – What Trustees Need to Know Now

The Australian Taxation Office is increasing its focus on trust structures, with data analysis revealing compliance risks across deductions, family trust elections, succession planning, Division 7A, and franking credits.In this episode of The Chasers Channel, we unpack what trustees and business owners need to know right now, including:ATO trust compliance risks and red flagsOverclaiming deductions and loss trafficking explainedFamily Trust Elections (FTEs) and Interposed Entity Elections (IEEs) pitfallsSuccession planning mistakes that trigger tax issuesDivision 7A risks for trusts and beneficiariesFranking credits, the 45-day holding rule, and trust eligibilityThe ATO trust checklist and governance essentialsIf you use trusts for asset protection, tax planning, or transferring wealth to the next generation, this episode will help you avoid costly errors and ensure your structure is working as intended.Practical insights. Real-world examples. Clear guidance for Australian business owners and trustees.