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Recorded Webinars

Recorded Webinar: Shifting Assets In and Out of Trusts: Key Tax Traps and Strategies

There are a number of good reasons why assets may be transferred in and out of a trust. However, if doing so, careful consideration should be given to the tax implications that can arise on the transfers. This session looks into what those tax implications can be, including: A
PRESENTED BY Kimberley Barnes Senior Associate - McInnes Wilson , Brisbane

Date/Time

About the Webinar

There are a number of good reasons why assets may be transferred in and out of a trust. However, if doing so, careful consideration should be given to the tax implications that can arise on the transfers. This session looks into what those tax implications can be, including:

  • A review of CGT events:
    • E1 relating to the creating of a trust over a CGT asset
    • E2 relating to transferring a CGT asset to a trust
    • E4 relating to capital payments for a trust interest by giving property
  • A review of the market value substitution rule for:
    • capital proceeds
    • the cost base of a CGT asset
  • How the small business CGT concessions can apply to transferring assets in and out of a trust
  • CGT implications when the asset in question is a main residence
  • When GST can apply to the transfer of assets into or out of a trust
  • An Overview of the state and territory tax, when:
    • transferring property into a trust
    • owning property in a trust
    • transferring property out of a trust 
  • Do the tax implications differ if the trust is an SMSF?
  • Practical examples

Presented By

Kimberley Barnes
Senior Associate, McInnes Wilson Brisbane, QLD

Kimberly completed her Bachelor of Laws and Bachelor of Commerce (Accounting) at Griffith University and her Masters of Laws at the University of Queensland and was admitted as a solicitor in May 2016.

Kimberley specialises in the areas of commercial, taxation, succession planning and asset protection for individuals, trusts and companies.

As a dedicated solicitor, she has honed her skills to build a strong client rapport from the get-go and has developed excellent stakeholder relations both within and external to the firm. Kimberley has a passion for going the extra mile for her clients and prides herself on ensuring all T's are crossed and I's are dotted before wrapping up any project.

By using initiative, out of the box solutions and the ability to uniquely assess situations, Kimberley is able to provide end-to-end solutions for her clients in a timely, deadline focused manner.

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.

CPD Information

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

OPTIONAL ONLINE QUIZ

We will be adding an optional online quiz to the recording of this webinar to make it interactive in terms of the type of CPD that can be claimed. Upon completion of the quiz the successful registered user will receive a CPD certificate confirming completion and the CPD units/points/hours earned. The online quiz will be available with the recording – typically within 1 to 2 days of the live webinar being held.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Jason Hooker on (03) 8601 7709 or email: [email protected]

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