Published Date: 7 Dec 2023
In light of ongoing changes to the taxation regime and the expanding wealth of Australia’s ageing population, there has for many years been a growing need for estate planning to utilise appropriate tax structuring. Holistic estate planning related areas have largely been outliers from radical simultaneous rule overhauls. Since 2018, this historical position appears to have changed with a range of announcements, possibly permanently. Subsequent years have seen evolution in a number of areas, including trust vesting, trust splitting, testamentary trusts, excepted trust income and family trusts. Near the start of a new calendar year, it is timely to explore a number of the most critical developments in the tax and estate planning arena over the last 12 months — or, in the vernacular of the movie Zoolander, what’s so hot right now?
More by Matthew Burgess
Tax and estate planning in 2023: the road ahead - Journal 01 Nov 2022
Tax and estate planning in 2022: the year ahead - Journal 01 Feb 2022
Tax and estate planning in 2021: Where are we at? - Journal 01 Feb 2021
Tax and estate planning in 2020: What has changed? - Journal 01 Feb 2020
2018: The biggest year in estate planning in a generation - Journal 01 Dec 2018
International tax and estate planning - Journal 01 Jul 2018
Subdivision 328-G: The limitations become apparent - Journal 01 Dec 2017
Succession Planning for Family Trusts - Paper 09 Nov 2017
Succession planning for family trusts - Presentation 09 Nov 2017
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