Trust distribution checks

Project name Solomon's Sword. Distribution solomons-sword, import package louisgoldberg, command solomons-sword.

Trust distribution allocation, Section 100A / 99B risk evaluation, and Division 6 ITAA 1936 review helpers for Australian trusts.

Package lifecycle: published. Install solomons-sword from PyPI.

The australian-accounting repository contains the maintained source. The solomons-sword distribution and command match the project identity. The louisgoldberg import package remains unchanged, so internal Python imports do not need a rename.

Release: v0.1.3.

Named for the judgement of Solomon, where the threat of dividing the child in proportion is what reveals who the true claimant is. Division 6 allocates trust income by proportionate entitlement following Bamford; Section 100A asks who actually ended up with the benefit. The name is a tribute only.

Not advice

Nothing this engine produces is tax, legal or financial advice, an assessment or a determination. Outputs are review aids: confirm every allocation, zone and exemption against the current law, the trust deed and the entity's facts before acting, and leave lodgment decisions with a registered practitioner. Where the model does not implement a rule it refuses the input rather than returning a number it cannot stand behind.

Command output carries the beneficiary name you supply, because a workpaper line item is unusable without it. Treat that output as client data: write it to the firm's approved secure location, never to a path inside a repository.

Full boundary statement: DISCLAIMER.md.

What it checks

• Division 6 Proportionate Allocation (Commissioner of Taxation v Bamford [2010] HCA 10): Calculates present entitlement proportions and allocates s 95(1) ITAA 1936 taxable net income and the franking credits that ride with it. Specifically streamed capital gains and franked dividends are refused, not allocated: the Division 6E carve-out with Subdivision 115-C (including s 115-220) and Subdivision 207-B is not implemented, so a proportionate answer would be wrong. Non-resident beneficiaries (s 98(2A)/(3)), nil income of the trust estate and no presently entitled beneficiary (s 99 / s 99A) are refused for the same reason.
• Section 100A Reimbursement Agreement Matrix: Classifies supplied facts against ATO PCG 2022/2 as Green, Red, or outside those zones. The final guideline has white, green and red; the draft blue zone did not survive. White zone (income years ending before 1 July 2014) is out of scope because the function does not take an income year.
• Section 99B Foreign Trust Receipt Assessment: Computes assessable amounts under s 99B(1) after corpus exemptions (s 99B(2)(a)) and prior-taxed income.
• Trust Resolution 30 June Schedule Verifier: Checks timing, deed-power and percentage-completeness facts the caller supplies.

Quickstart

Installation

pip install solomons-sword

CLI Usage

# Evaluate Section 100A risk zone
solomons-sword s100a-check --beneficiary "Adult Child" --amount 40000 --adult-child --retained-by-parents

# Assess Section 99B receipt from foreign trust with corpus deduction
solomons-sword s99b-check --beneficiary "Jane Doe" --gross 150000 --corpus 50000

Statutory sources and tests

All allocation and threshold algorithms use exact decimal.Decimal calculations to prevent rounding discrepancies in trust tax schedules.

Automated Test Suite

• Run the suite: pytest tests/
• The suite covers proportionate streaming, Section 100A zones the engine implements, Section 99B corpus deductions, and resolution gates. Do not treat a badge as a live coverage certificate.

Licence

MIT License. Created by Ryan Duguid.