2023 Property

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.

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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