Published on 13 Nov 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Since the changes to allow a trustee or an interposed entity to "back-date" their election to become a family trust or part of a family group, the way you approach the issue with a client has changed. The question is no longer, should we make an election and so make losses available into the future? The question is now more likely to be, if we do not make the election now can we make it at a later time if we need to? This presentation covers:
- an overview of the trust loss measures
- when you need to consider the rules
- what you need to discuss with a client concerning trust losses.
This was also presented at the 'Trust Losses for SMEs' Quarterly Breakfast Clubs held in Hurstville on 20 November 2007 and in Chatswood on 22 November 2007.
Andrew is a Partner in the Sydney law firm Brown Wright Stein Lawyers. His clients are accountants and lawyers in public practice that require advice on tax issues impacting on their clients. Andrew specialises in tax issues common to the SME and high-wealth individual sectors.
- Current at
23 January 2018