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Published on 09 May 06
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
The ATO review of service trusts and introduction of Professional Standards Legislation and the Service Trusts ruling will have changed the landscape for your practice. This presentation considers those changes and discusses various practice entity options, including:
does Professional Standards legislation really limit your exposure?
service trusts - what future?
CGT concessions for alternate structures
goodwill v 'intangible asset inherently connected' with a business
partnership of trusts - do they have a place in accounting firms?
This was originally presented on 5 May 2005 at the “39th South Australian Convention” held in the Barossa Valley. It also includes some minor updates made for presentation at the “What’s New in Structuring Professional Practices?” seminar held on 9 May 2006 in Adelaide.
Ken is a tax and commercial law partner in the Sydney office of SBN Lawyers. He has extensive experience in all aspects of tax (including State taxes) as well as business structuring, asset protection, succession planning and trust and estate law. Ken is a National Councillor of the Tax Institute and a member of the NSW Divisional Council and Education Committee. He is also a member of the Advisory Panel to the Board of Taxation and has recently been involved as a member of the Working Group on Managed Investment Trusts. Current at 13 January 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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