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Recorded Webinars

Recorded Webinar: Back to Basics: Trusts: Is it Trust Income, Distributable Income or Taxable Income?

This webinar is part of TEN’s “Back to Basics” range of webinars which are specifically produced for junior practitioners. This webinar is priced at only $99 as our way of giving back to the profession and providing a cost effective means for firms to provide CPD for junior practi
PRESENTED BY Matthew McKee Partner - Brown Wright Stein Lawyers , Sydney

Date/Time

About the Webinar

This webinar is part of TEN’s “Back to Basics” range of webinars which are specifically produced for junior practitioners. This webinar is priced at only $99 as our way of giving back to the profession and providing a cost effective means for firms to provide CPD for junior practitioners.

Whilst the trust tax return asks for the “income of the trust estate”, this figure will not always align with the trust’s net income for tax purposes. Confused? This session aims to unravel the uncertainties around the concept of trust income, including:

  • What is the difference between “income of the trust estate” and “net income”?
  • What if a trust has losses?
  • How to reconcile a trust’s accounting income with its taxable income?
  • The importance of trustee resolutions to establish who is assessed on a trust’s net income
  • The “proportionate approach” when assessing beneficiaries share of trust net income
  • The special rules applying to franked distributions and capital gains
  • Practical examples

Presented By

Matthew McKee
Partner, Brown Wright Stein Lawyers Sydney, NSW

Matthew McKee is an experienced tax and superannuation lawyer who regularly provides tax and commercial related advice to accountants, financial planners, small to medium enterprises and private clients. Matthew has a particular expertise in New South Wales state taxes (duties, payroll tax and land tax) but advises on all aspects of taxation law, including income tax, capital gains tax (CGT), GST and the SIS Act.

Matthew has experience in resolving of taxation disputes, including:

  • Managing Australian Taxation Office (ATO)/ Revenue NSW audits and investigations, voluntary disclosures;
  • Preparing taxation objections and private ruling applications;
  • Conducting tax litigation in the Administrative Appeals Tribunal and Federal Court of Australia, the NSW Civil and Administrative Tribunal and Supreme Court of New South Wales; and
  • Negotiating settlements and payment arrangements with the ATO and Revenue NSW.

Matthew also provides advice on trusts and structuring as well as commercial issues including asset and business acquisitions and disposals, share sale agreements, shareholder and joint venture agreements.

Who Should Attend?

This webinar is suitable for junior accountants – Australia wide.

CPD Information

Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

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: [email protected]

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