The tax and asset protection advantages can only be obtained if practitioners have a fundamental understanding of the way in which trust law operates. To ensure you obtain the available tax benefits, for example, small business CGT concessions and splitting income, you require a good knowledge of taxation laws as they relate to trusts. Moreover, the avoidance of unwanted tax burdens involves the exercise of skill and expertise in the taxation of trusts. The starting point to develop these skills is a proper understanding of the nature of trusts and having an overall "big picture"? of the taxation issues.
The first of these sessions is an introduction to basic trust law concepts. The second session of this series develops a basic understanding of tax law concepts and leads onto the more specialised materials in the Trusts Roadshow program to be held later in the year.