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101505
Recorded Webinars

Recorded Webinar: Trust Vesting: The Tax Implications

The date may be looming where interest in trust property is required to vest or estate planning discussions are being directed at whether the vesting date can be brought forward. This session explores the tax implications that these situations may encounter, including: What hap
PRESENTED BY Neil Brydges Principal Lawyer - Sladen Legal , Melbourne

Date/Time

About the Webinar

The date may be looming where interest in trust property is required to vest or estate planning discussions are being directed at whether the vesting date can be brought forward. This session explores the tax implications that these situations may encounter, including:

  • What happens to trust assets on vesting
  • What are the tax implications on vesting if:
    • CGT assets are distributed to beneficiaries?
    • the assets continue to be held on trust for the specified beneficiaries?
  • Can extending the vesting date cause a CGT event to occur?
  • When can CGT events E1 and E7 apply upon a trust vesting?
  • A review of CGT event E5, including:
    • determining if a beneficiary is “absolutely entitled as against the trustee to CGT assets of the trust” (TR 2004/D25)
    • whether the type of asset (ie. property or shares) makes a difference
  • Can a trust deed be tax effectively amended to expand potential beneficiaries (ie. grandchildren not originally catered for)? (TD 2012/21)
  • Does the removal of the law against perpetuities in South Australia provide planning opportunities for trusts in other states and territories?
  • Practical examples

Presented By

Neil Brydges
Principal Lawyer, Sladen Legal Melbourne, Vic

Neil is a Principal Lawyer in Sladen Legal’s tax group. Neil practises in all areas of direct and indirect tax with a particular focus on the taxation of trusts, deceased estates, income and capital gains tax, and Division 7A.

Neil has also advised extensively on cross border taxation issues and the implications of transactions and dealings in the development of property. Using his technical tax knowledge, Neil works with clients to obtain commercial and practical outcomes. He has particular experience in dealing with the Australian Taxation Office on complex tax issues in a dispute resolution context.

Neil is a keen and active member of the tax community. As well as presenting on tax topics at various sessions, he has authored and co-authored several published articles, papers, and bulletins. Neil is a member of the Tax Committee of the Law Council of Australia, an Accredited Specialist in Taxation Law and is a member of the Tax & Revenue Law Committee with the Law Institute of Victoria and a Chartered Tax Advisor and member of the Dispute Resolution Technical Committees with The Tax Institute.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. 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/Training 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.

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.

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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