Published on 15 Oct 06
by TASMANIAN DIVISION, THE TAX INSTITUTE
Service trusts have been a significant structuring arrangement for both practitioners and their clients for many years. This presentation puts into perspective practical implications of the recent ATO ruling TR 2006/2 and will address the following:
- service trusts
- who should and shouldn’t have them?
- are there still benefits in using them?
- use of ATO safe harbour provisions - what you need to know
- reviewing/implementing service trust agreements
- traps in exiting service trust arrangements
- CGT consequences
- stamp duty issues
- checklist for action pre 30 April 2007.
Jerome is a Partner at King & Wood Mallesons, specialising in taxation disputes and litigation. Jerome advises corporate taxpayers on all aspects of Australian tax disputes from the audit and independent review stage through to High Court litigation. He also guides clients through alternative dispute resolution processes, advance pricing agreements and mutual agreement procedures.
- Current at
25 October 2017