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Published on 05 Mar 2004 | Took place at Jupiters Hotels & Casino, Townsville, QLD

Are you on top of the latest tax issues?

Do you know which investments can and cannot be made by super funds?

Are your clients dealing properly with the PSI rules? Are they using the optimum structures for their businesses? What are the latest issues on trusts and S.109UB?

This convention dealt with these questions and a whole lot more. The materials are practical, using case studies and examples that are aimed at tax agents and their small to medium-sized business clients.

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

Individual sessions

Asset Protection

Author(s):  Ken SCHURGOTT The Commonwealth Government has signalled its intention to change bankruptcy laws to penetrate trusts, companies and other entities which shelter assets of high net wealth individuals. Accounting and legal professionals are directly in the Government's sights. The proposed measures will adopt a Family Court style look through approach ignoring form and accessing those assets that a bankrupt would have recourse to on a notional divorce.

This paper covers:
- the relevant rules of bankruptcy
- financial risk planning
- why discretionary trusts work
- the Family Court look through approach.

This paper has been slightly updated since it was first presented by Ken Schurgott at the Asset Protection: Structuring for Asset Protection for High Risk Professionals seminar held in Sydney on 3 July 2003. Ken also presented it on 6 March 2004 at the North Queensland Tax Convention held in Townsville and at the Asset Protection for Tax Practitioners seminars held in Sydney on 7 September 2004 and Parramatta on 9 September 2004.

Materials from this session:

Trusts and Companies - Loans and Distributions

Author(s):  Richard J FRIEND This presentation covers the following topics:
- the latest on trusts
- the new version of S.109UB
- should trusts distribute to companies?
- credit loans and the debt/equity rules
- borrowing to fund distributions.

Materials from this session:

CGT and Small Business

Author(s):  Ash CHOTAI This seminar paper covers the following topics:
- planning for the $5m threshold
- maximising the retirement concessions
- the magic of the 15 year rule
- the importance of setting it up right.

Materials from this session:

Personal Services Income Rules

Author(s):  Dr David MORRISON This presentation covers the following topics:
- what is a PSB?
- how can you pass the results test?
- what expenses can be deducted from PSI?
- recent developments
- practical examples.

Materials from this session:

GST and Property

Author(s):  Damian WELSHE This convention paper covers the following topics:
- using the margin scheme effectively
- buying a property partly for business and partly for private use
- how to deal with a property that is constructed, rented, then sold
- when is a subdivision of land an enterprise?
- going concern and sale of leased premises.

Materials from this session:

Taxation of Deceased Estates

Author(s):  Vince BAILEY This presentation covers the following topics:
- life interests and CGT traps
- income after death - deceased's return or estate return?
- when are beneficiaries taxed on the estate's income?
- feeding testamentary trusts - will it work?

Materials from this session:

Choosing an entity

Author(s):  Gil LEVY This paper covers the following topics:
- are trusts still a good structure?
- unit trusts, property, capital allowances and CGT
- how to get the most flexibility out of companies.

Materials from this session:

Income tax update: cases, legislation and rulings 2003

Author(s):  Stephen GRAW

This paper covers:

  • what issues will affect your practice?
  • new cases
  • recent rulings
  • the latest amending legislation.
Materials from this session: