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Published on 28 Oct 2004
| Took place at Christie Corporate Conference Centre, Brisbane
Trusts remain extremely popular among clients desiring tax effective and asset protective
structures (and correspondingly unpopular with the regulators!) However, the changes that have occurred in the last year with respect to CGT, asset protection, loans and losses mean that it is more important than ever to refresh your knowledge in these areas to be able to advise those clients appropriately.
These seminar materials will assist you to determine whether trusts remain a viable vehicle for your clients to hold personal and business assets.
They will lead you through the complex rules and changes in a way that can be practically applied to your clients.
Get a 20% discount when you buy all the items from this event.
satisfying entitlements to income by distributing by specie
CGT consequences for the trustee and beneficiary
accessing CGT rollover exemptions
GST implications of in specie distributions
implications of recent cases
accounting for trust income which is defined as 'tax law net income'.
This paper was originally presented by Brian Richards at the 'A Matter of Trusts' seminar held in Brisbane on 28 October 2004. Minor changes have been incorporated to update the paper for presentation by Mark Molesworth at the 'Trusts Intensive' seminar held in Brisbane on 28 September 2005.
Harry M RIGNEY
This paper covers:
- are trusts an effective asset protection mechanism?
- are trusts still a tax effective entity in which to trade or invest?
- testamentary trusts, does your client need one?
- an analysis of the impact of the proposed new bankruptcy laws
- other potential asset protection strategies
- service trust, family trust - or both?
This paper covers the following topics:
- income tax and CGT issues on vesting and termination of trusts
- accessing CGT concessions
- alternative tax effective ways to deal with your trust and its assets
- why stamp duty is so important
- dealing with special circumstances, such as family break-up or divorce.
This seminar paper covers the following topics:
- vesting the entire trust
- partially vesting a trust
- transferring an asset to a new trust on identical terms
- holding the trust assets as two separate funds
- splitting the trust and appointing a new trustee
- CGT/stamp duty.
This paper was also presented by the author at the A Matter of Trusts seminar held in Brisbane on 28 October 2004.
We have all grappled with the amendments to Division 7A, and how those amendments impact on transactions involving trusts. This presentation is intended to illustrate in a practical way how your client can unintentionally get caught by the new provisions, and provide some effective strategies for your clients to implement.
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