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Recorded Webinars

Recorded Webinar: Getting Funds Out of Trusts Tax Effectively

The ongoing tightening of flexibility in relation to the use of trusts has no doubt left many practitioners scratching their heads when it comes to managing the tax effective appropriation of trust income. This session delves into the strategies available to maximise the tax effec
PRESENTED BY Russell Krupp Director - BlueRock Law , Melbourne

Date/Time

About the Webinar

The ongoing tightening of flexibility in relation to the use of trusts has no doubt left many practitioners scratching their heads when it comes to managing the tax effective appropriation of trust income. This session delves into the strategies available to maximise the tax effectiveness of the trust structure, including:

  • Practical strategies to manage discretionary trust distributions in accordance with:
    • sec. 100A ITAA 1936 (TR 2022/4, PCG 2022/2)
    • Division 7A ITAA 1936 (TD 2022/11)
  • Managing use of the CGT small business concessions to minimise potential impact of CGT event E4 for unit trusts
  • A guide to identifying and calculating amounts that impact on CGT event E4 (sec. 104-70, 104-71 ITAA 1997)
  • A heads up of situations where sec. 99B ITAA 1936 may apply to Australian resident trusts
  • Is the distribution tax effective if the reasoning behind the distribution lacks “real and genuine consideration to all beneficiaries? (Owies v JJE Nominees Pty Ltd [2022] VSCA 142)
  • Allocating profits of a professional firm conducting business in a trust (PCG 2021/4)
  • To wind up or continue? Is vesting an option? (TR 2018/6)
  • Practical case study exploring when a restructure from a trust arrangement may be tax effective and the processes available to achieve the desired result

Presented By

Russell Krupp
Director, BlueRock Law Melbourne, Victoria

Russell Krupp has been working as a lawyer for more than 17 years in both public and private sectors. In addition to being a lawyer, he is also a Chartered Accountant and a Chartered Tax Advisor. Russell's main focus is on tax law, with special interests in capital raising, M&A, start-up law, and commercial law. He is recognized as one of 6 accredited specialists in tax law in Victoria.

His day-to-day work involves preparing complex tax and duty advice, and drafting commercial agreements to implement that advice. Since joining BlueRock Law, Russell has been building the firm's practices in tax, capital raising and start-up law.

Russell's clients come from various backgrounds, including start-ups, professional services firms, tech and media businesses, and high-net-worth individuals. His practical approach and ability to cut through complexity make him a reliable resource for tackling his clients’ tax and legal challenges.

Who Should Attend?

This webinar is suitable for accountants 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. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

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, Lisa Tran on (03) 8601 7709 or email: [email protected]

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