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

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
Current at 26 May 2009 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



The legacy of Justice Graham Hill

Author(s):  The Hon. Justice Ian GZELL

Materials from this session:









Practical CGT problems in developing residential property

Author(s):  Gordon S COOPER

Materials from this session:



Further details about this event:

 

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