Published on 24 Nov 06
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This paper covers:
- power to amend
- express and statutory powers of amendment
- inherent powers of the Court
- why amend?
- management powers - investment, transactions, income recognition and streaming, etc.
- beneficiaries - (identity, entitlements, exclusions) trustees, appointors and guardians appointment and removal, succession, powers
- splitting and cloning - external and internal trust splitting post CPT Custodian
- status of the “Statement of Principles” - and an analysis of what constitutes a resettlement for CGT Event E1 purposes
- CGT and stamp duty consequences
- alternatives to amendment
- practical illustrations.
Grahame practises as commercial counsel at Francis Burt Chambers in Perth. Prior to commencing practice as a Barrister in 2001, he had broad experience as a solicitor and company director. Grahame’s principal areas of practice include transactional taxes; equity, trusts and succession; corporate law; and property law. He has a particular interest in structuring and restructuring corporate and family groups. He has spoken and written extensively on a wide range of legal and taxation topics for The Tax Institute and other professional bodies. He is editor of Duties Legislation Western Australia. Grahame has served as State Chair and National Councillor of The Tax Institute and received its Meritorious Service Award.
- Current at
09 June 2017