Published on 30 Sep 09
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
The use of trusts as vehicles to carry on small and medium size businesses and as investment vehicles has expanded rapidly since the demise of the Ralph Report recommendations on trusts. Mooted changes never made it past the discussion stage and trusts, in all forms, were once again recognized as a flexible, tax effective and relatively cheap vehicle to be utilized in particular circumstances. A growth in tax litigation has also arisen in recent years and one senses that the Taxation authorities and taxpayers are testing the boundaries of tax trust law.
This paper examines developments in some of these areas.
Syd is a Taxation Consultant with Moore Stephens Perth. He joined the firm in 1987 after fifteen years with the Australian Taxation Office. Since joining Moore Stephens, Syd has overseen the taxation advice provided by the Firm, and managed the taxation compliance function. He advises on both Federal and State revenue matters. The advice has extended from international structuring to personal wealth creation techniques. Syd consults to both the clients of Moore Stephens and is often asked to provide advice to other accounting and legal firms. In addition to consulting Syd provides advice as an expert witness in tax related litigation. Syd has lectured at various Universities in undergraduate and postgraduate taxation law, and tutored at Curtin University in postgraduate taxation law.
- Current at
06 October 2017