Published on 10 Sep 04
by VICTORIAN DIVISION, THE TAX INSTITUTE
The focus of this paper is the different trust strategies that can be adopted. Issues considered include:
- trust restructuring, including trust 'splitting' and 'cloning'
- effective income and CGT distributions
- cleaning up loan accounts
- CGT and GST
- stamp duty on 'in-specie' distributions
- the new 'control test' in the small business CGT concessions.
Sections of this paper were also presented by the author at the Trust Structuring seminar held in Melbourne on 30 November 2004.
Graeme Halperin, CTA, of Halperin and Co, is a Barrister and Solicitor with over 30 years’ experience specialising in taxation, trust, estate and commercial law with extensive experience in tax, trust, estate and commercial litigation and dispute resolution. He is a former Chairman of the Breakfast Club, State Convention and Education Committee of the Victorian branch of the Tax Institute, served two terms on the Victorian State Council, served on several Tax Institute technical committees and in 2013 received a Meritorious Service Award from the Tax Institute. He has written many articles on tax related topics and has been a regular Tax Institute presenter since the 1990s. He has contributed to Parliamentary Committees and media articles on a range of tax topics, made submissions to the ATO in relation to draft rulings and in 2018 was interviewed in a Four Corners expose on ATO practices.
- Current at
16 December 2020