Avoiding expensive mistakes– making a beneficiary entitled to real property
Published Date: 5 Sep 2023
Practitioners quite regularly encounter a client who wants to take ownership of property held in a discretionary trust. This occurs most commonly in succession planning exercises, land tax minimisation planning or beneficiaries wanting to go their own way following relationship breakdowns.
This session considers:
- What is required to transfer property to a beneficiary
- The need to address the relevant trust law and tax law
- How accounts can support what is to be attempted
- Whether section 99B must be considered; and
- Other traps to be avoided.
Individual Session
Details
- Published By: Linda Tapiolas CTA
- Published On:5 Sep 2023
- Took place at:MCEC Melbourne
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