This presentation examines the different concepts of ownership and entitlement relevant for tax purposes. Topics covered include:
Who is a "beneficial owner"?
When does beneficial ownership change?
Beneficial ownership v. equitable interests
Bare Trusts and absolute ownership with refernce to TR 2004/D25 Buckles cases (1998) and CPT Custodian (2005)
Connected or different concepts: "vested and indefeasible interests" and "present entitlement"
Dr Gerard Bean CTA
Gerry is a partner of DLA Phillips Fox and has over 20 years experience in tax. Gerry is head of DLA Phillips Fox's TransTasman Tax Practice and chairs the Law Institute of Victoria’s Tax and Revenue Committee. He has written widely in tax and is a co-author of Trusts: Text and Materials 2007 (CUP). Current at 08 July 2007
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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