shopping_cart

Your shopping cart is empty

  • Home
  • Discretionary trusts: where are we now with splitting and cloning? presentation

Discretionary trusts: where are we now with splitting and cloning? presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 06 May 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

One of the hot topics in trusts in the last few years has been using splitting or cloning as a solution to dividing control of family discretionary trusts among the next generation. It is important to understand what is being done, how and when and why it works from both a practical and tax view and what are the pitfalls. This presentation focusses on:

  • practical reasons for splitting or cloning
  • can you effectively ‘divide’ a trust’s assets under trust law?
  • tax outcomes for CGT assets, trading stock and plant and equipment
  • stamp duty issues
  • family trust election constraints
  • practical issues.

Author profile

Andrew Sinclair CTA
Andrew Sinclair, CTA is a partner in Cowell Clarke's Tax & Revenue practice group. As a tax and superannuation specialist with over 25 years experience, his qualifications are in law and as a Chartered Accountant. With a broad knowledge of corporate and business law, Andrew has specialist expertise in private client scenarios. This usually involves discretionary trusts, private companies and the diversity of views that family dynamics deliver. - Current at 22 January 2018
Click here to expand/collapse more articles by Andrew SINCLAIR.

 

This was presented at 40th South Australian State Convention: Let's Celebrate .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Managing ATO contact and tax disputes

Author(s):  Scott BRYANT

Materials from this session:

Tax issues relating to debts

Author(s):  Paul TANTI

Materials from this session:

The right side of the law - Financial Services Reform Act and investment advice

Author(s):  Shannon COATES

Materials from this session:

The legacy of Justice Graham Hill

Author(s):  The Hon. Justice Ian GZELL

Materials from this session:

GST and adjustments: a GST horror!

Author(s):  David KUHNE

Materials from this session:

Practical guide to using trust losses

Author(s):  Arlene MACDONALD

Materials from this session:

Advising a client who is buying a company from a tax consolidate group

Author(s):  Alistair HUTSON

Materials from this session:

Paying death benefits from superannuation funds

Author(s):  Tony SIMMONS

Materials from this session:

Risk managing your documentation

Author(s):  Michael FAIRLIE,  Karen ADAMS

Materials from this session:

Where's the value shift? - hits and misses

Author(s):  Marc ROMALDI

Materials from this session:

Super splitting

Author(s):  Steven WILD

Materials from this session:

Recent developments in GST and property

Author(s):  Lachlan R WOLFERS

Materials from this session:

Practical CGT problems in developing residential property

Author(s):  Gordon S COOPER

Materials from this session:

The erosion of asset protection

Author(s):  Matthew TRIPODI

Materials from this session:

Discretionary trusts: where are we now with splitting and cloning?

Author(s):  Andrew SINCLAIR

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse