Published on 23 Sep 2009
| Took place at RACV Club, Melbourne
The popularity of unit trusts as a collective investment vehicle has declined in recent years, especially where the small business CGT concessions are relevant to a choice of structure. Is there still a role for unit trusts as a collective investment vehicle? What about the changes in the small business CGT and Division 7A provisions, and the release of Tax Determination TD 2009/7 regarding interest deductions?
This event analysed the pros and cons of structuring via a unit trust for business and investment.
Unit trusts: Current issues
Author(s): Jeffrey CHANG
This presentation covers:
unit trusts versus fixed trusts, the nature of "fixed entitlements", and the relevance of these concepts for trust losses, franking credits & superannuation fund investors
what do hybrid trusts look like, how effective & useful are they, and what are the risks associated with them?
when might a unit trust be preferred over a partnership of discretionary trusts?
is a unit trust subject to perpetuity period rules?
characterisation of unpaid present entitlements
impact on unit trusts of proposed changes to Division 7A
Div 152 structuring - the impact of the revised definition of "affiliate"
Div 152 structuring - the problem with different classes of units
hybrid trusts - interest deductibility on borrowings to acquire units following TD 2009/7