Published on 07 Apr 04
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper examines some of the multitude of difficulties that have to be managed when trusts are varied or re-organised, including:
- trust law aspects of variation
- consideration of fraud on the power
- concepts of property of the trust
- what is a resettlement?
- must a resettlement create an adverse capital gain result?
- recent cases
- the Commissioner's statements.
David KL RAPHAEL
David Raphael FTIA practised as a Solicitor for more than 30 years and since 1995 has been an active member of the NSW bar. He specialised, whilst a Solicitor, in revenue litigation and other revenue associated matters and was the instructing solicitor in several high profile pay-roll tax cases such as the Terry Sheilds case. He appeared as Counsel in the
Denham Constructions case. As a solicitor he was regarded as an expert in conveyancing practice and gave evidence in a number of cases on that subject. He was, whilst a solicitor, the speaker on Australian revenue law at meetings of the UIA in Quebec, Switzerland and France in various years as well as for the International Bar Association in Singapore in
1987. He lectured in advanced revenue law at the University of NSW from 1980?1986 and was visiting lecturer in conveyancing and property law and
trusts during that period. David is an editor of Hill on the Duties Act
Current at 28 May 2008 Current at 26 June 2008
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