Recorded Webinar: Discretionary Trusts and Tax – Determining and Changing the Class of Beneficiaries

 

16th August 2018

Duration:  approx. 2 hours

 ABOUT THE WEBINAR
A wide class of beneficiaries can create headaches, particularly with state taxes. This session looks at the issues with having too wide a class of beneficiaries in a discretionary trust.

  • How wide should the class of beneficiary be in a discretionary trust?
  • The importance of certainty in defining the class of beneficiaries
  • Should you narrow the class to just those intended to benefit?
  • Tax problems with wide class beneficiaries who live overseas
  • Payroll and stamp duty grouping problems if the class is too wide
  • Ensuring a simple way to add beneficiaries if required
  • Family trust elections and narrowing the class
  • Implications for the small business rollover
  • Disclaimers by beneficiaries – how do they work and can they help avoid unintended tax consequences?
  • Smeaton Grange Holdings Pty Ltd v Chief Commissioner of State Revenue [2016] NSWSC 1594
 PRESENTER
Our presenter

Edward Skilton, Special Counsel, Sladen Legal, Melbourne 

Edward has particular expertise in relation to the succession problems faced by high net worth individuals and private business owners, including issues relating to control of entities, a fair and equitable division of wealth, and resolving disputes between family members.

Edward brings a collaborative approach to solving client problems, often with other lawyers and in conjunction with the client’s accountant, financial adviser and banker. 

Edward also writes for professional publications and presents seminars for clients, lawyers and other professionals on the subject of how to structure estate and business succession plans to avoid disputes and protect assets for future generations.

 WHO SHOULD ATTEND?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au
Product Code: WBLAUG18
 Price:  $253.00 (Inclusive of GST)
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