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Recorded Webinars

Recorded Interactive Webinar: Trust Deed Amendments: Tax Traps and How to Avoid Them

Like any long-standing structure, trust deeds sometimes need a refresh to keep pace with evolving family, business, or regulatory needs. But amending a deed isn't always straightforward — and a well-intentioned change can unintentionally trigger significant tax consequences. This
PRESENTED BY Raymond Lim Solicitor-Direcctor - TEP Legal , Sydney

Date/Time

About the Webinar

Like any long-standing structure, trust deeds sometimes need a refresh to keep pace with evolving family, business, or regulatory needs. But amending a deed isn't always straightforward — and a well-intentioned change can unintentionally trigger significant tax consequences. This session explores the practical, legal, and tax issues that can arise when modernising a trust deed, including:

  • Common triggers for amending the trust deed
  • The process to be followed when amending a trust deed
  • Trust deed amendments that can trigger tax consequences and those that don't
  • Can an amendment to a trust deed be tax effectively made to:
    • extend a vesting date that had unknowingly passed?
    • extend an original vesting date yet to be reached, to a later date?
  • Can a trust deed amendment:
    • impact on a trust’s carried forward tax losses?
    • trigger tax issues if being undertaken to cater for adding beneficiaries due to a new blended family arrangement?
  • Can tax issues arise if an original copy of the trust deed can't be located?
  • A checklist of the processes to follow, questions to ask and documentation to maintain, when considering a trust deed amendment
  • Practical examples of tax effective and ineffective trust deed amendments

Presented By

Raymond Lim
Solicitor-Direcctor, TEP Legal Sydney, NSW

Raymond Lim, Solicitor-Director, TEP Legal, Sydney, NSW

Raymond is the solicitor-director of TEP Legal Pty Ltd. He holds qualifications in accounting, finance and law and holds dual qualifications as a Chartered Accountant and Solicitor. He has more than 20 years of extensive experience providing a diversified range of commercial legal services to clients which includes trust, commercial law, property, taxation law as well as comprehensive estate and superannuation legal services to private and commercial clients across Australia. He has been able to utilise his specialised taxation and trust law knowledge in advising and structuring business models for a range of clients in business and personal estate planning and asset protection matters. Raymond is a sole expert in international estate planning, assisting high net worth private new migrants to kick start their business structures with businesses across different continents of the world.

Having worked closely with LexisNexis over the past 20 years, Raymond is the Editor for Retirement and Estate Planning Bulletin and author for LexisNexis Taxation and Estate Planning as well as being the exclusive author for LexisNexis Practical Legal Guide on 'Cost and Tax'. Raymond lectured at Kaplan Professional 'Tax Structures', 'Contracts', 'Superannuation and Retirement Planning', 'Estate Planning for Financial Planners', and he is also an experienced presenter and provided seminars and training in Trust and Taxes, Estate Planning at LexisNexis, Television Education Network, College of Law, Legalwise Seminars, The CLE Centre Pty Ltd and internal Continuing Legal Education as well as being the author of papers in technical journals such as Taxation Institute of Australia, Tribeca Communications 'Estate Planning' course paper, Financial Planning, Money Management and Retirement and Estate Planning Bulletin.

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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