Published on 10 Sep 04
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
In April 2003 Andrew Sinclair presented to Port Lincoln the topic regarding 'Assorted Trust issues'. Since that time there have been some developments. This paper addresses them, including:
- what does it mean to split or clone a trust?
- when might splitting or cloning a trust be appropriate?
- what CGT ramifications are there on splitting/cloning?
- stamp duty issues arising from the above
- distributions to corporate beneficiaries - amended Division 7A
- prescribed private fund - what is it and when may it be appropriate?
- small business CGT concessions with discretionary trusts - amended concept of connected entities.
Andrew is a partner in Cowell Clarke's Tax & Revenue practice group. As a tax and superannuation specialist with over 25 years' experience, his qualifications are in law and as a Chartered Accountant.
With a broad knowledge of corporate and business law, Andrew has specialist expertise in supporting clients with tax effective structures and tax planning. He provides tax advice across CGT, GST and stamp duty, in matters involving restructures, privatisations, asset acquisitions and disposals. Andrew also advises clients on superannuation law including structuring, allowable investments, pension and succession strategies.
Andrew actively supports the education and development of other practitioners in his field, providing both in-house and external presentations on taxation matters within South Australia and interstate. He is former chairman of The Tax Institute. Andrew's passion extends beyond law into sport. He is the current President of the South Australian Cricket Association (SACA).
- Current at
12 January 2017