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Trusts - Distributions and Losses

Published on 26 Sep 2003 | Took place at Crowne Plaza Darwin , NT

Drafting trust distribution minutes is like practising Tai Chi; subtle, strategic and requiring much practice and wisdom.

The risk of attracting adverse tax outcomes can be greatly reduced if trustees (and practitioners advising them) understand the subtleties of effective appointment of the trust entitlements.

The first half of this seminar focussed on the interplay of trust law and the Tax Acts and their impact on effective distributions of income and capital from trusts.

The trust loss provisions remain an area of taxation law that has proven very difficult to comply with. Getting it right so that losses may be correctly used is vitally important.

The second half of this seminar led attendees through a range of practical case studies that explore all areas of these difficult provisions.

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

Individual sessions

Overview of Trust Loss Provisions

Author(s):  Paul TANTI This seminar paper covers the following areas:
- types of trust
- tests that need to be passed
- the family group
- the test individual
- income injection test.

This seminar paper was also presented by Steve Magor at the Trusts - Distributions and Losses seminar held in Darwin on 26 September 2003.

Materials from this session:

Trust Losses Case Studies

Author(s):  Peter DE CURE,  Andrew SINCLAIR,  Paul TANTI These case studies explore the following issues:
- family trust election / interposed entity election - when, which, why
- family trust distribution tax
- strategies to use trust losses
- income injection test
- family law / succession problems with test individual.

These case studies were also presented by Steve Magor at the Trusts - Distributions and Losses seminar held in Darwin on 26 September 2003.

Materials from this session:

Getting the Most out of your Trust

Author(s):  Ken SCHURGOTT This seminar paper covers the following issues regarding distributions from trusts:
- how to get them right and avoid getting them wrong
- importance of understanding the trust deed
- wording of resolutions
- streaming to beneficiaries
- distributing CGT concessions
- distributing to companies
- distributions to non-residents
- amending assessments - the tricks and traps.

This seminar paper was also presented by Arlene Macdonald at the Trusts - Distributions and Losses seminar held in Darwin on 26 September 2003.

Materials from this session: