A matter of trusts: Resuscitating Service Trusts
Publication date: 01 Jun 06
Source: "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Abstract:
The restrictive views expressed by the Commissioner of Taxation in Ruling TR 2006/2 and the accompanying Guide has encouraged the restructure of professional partnership practices (Firms) into companies (Incorporated Practices) or partnerships of trusts to permit winding-up of Phillips service trust arrangements whilst retaining protection of the wealth generated by Firms and flexible taxation advantages.
Author profile:
Ronald Jorgensen FTIA
Ron is a Principal of Harwood Andrews Lawyers and primarily consults on federal and state revenue laws and revenue litigation. Ron also advises in respect of business structuring, tax sensitive commercial transactions and property developments. He is a member of numerous technical and advisory taxation committees with the Taxation Institute and the Law Institute of Victoria. Ron holds a Master of Laws (Taxation) and is a LIV Accredited Specialist in Tax Law.
Current at 01 March 2012
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Ron is a Principal of Harwood Andrews Lawyers and primarily consults on federal and state revenue laws and revenue litigation. Ron also advises in respect of business structuring, tax sensitive commercial transactions and property developments. He is a member of numerous technical and advisory taxation committees with the Taxation Institute and the Law Institute of Victoria. Ron holds a Master of Laws (Taxation) and is a LIV Accredited Specialist in Tax Law.
Current at 01 March 2012
Click here to expand/collapse more articles by Ron JORGENSEN.
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