Unpaid Present Entitlements and Estate Planning
Last week, we looked at the ATO’s increased attention on unpaid present entitlements (UPEs) and arrangements that take the form of UPEs but which in substance are really financial accommodation.…
ATO attention targeting Unpaid Present Entitlements
An Unpaid Present Entitlement is a trust distribution to a beneficiary that hasn't actually been paid, and so appears as still owed.