2009

Trusts: Can you Still Trust the Terms of your Trust?

Source: QLD

Published Date: 11 May 2009

 
Trusts have long been the preferred investment structure given the many benefits they provide to family groups. In fact, based on the Board of Taxation review in 2002 there are approximately 470,000 trust tax returns being lodged annually. Trusts have weathered many storms over the years including the 'entity taxation' debate and the continuing impression that the ATO and Treasury have ongoing concerns regarding their widespread use. It is expected that most practitioners have become comfortable with using trusts and advising clients on the benefits of involving trusts in their family group structures. However, the current state of play in light of a number of recent court decisions, ATO pronouncements and proposed legislative changes is that there exists significant uncertainty as to the operation and use of trusts.

Aimed at all practitioners who advise clients in relation to structuring their affairs using trusts as well as the ongoing use of trusts and the associated tax compliance issues, this event focused on the latest issues affecting trusts, their terms and their operation in a taxation context. The event also explored the taxation consequences of amendments to a trust's terms.

Trusts, taxation and the current state of play

Author(s): David W Marks KC CTA

Amending the trust deed - tricks and traps

Author(s): Steven Grant CTA

Issues with establishing and using trusts

Author(s): Greg Cahill

Trust Cloning is dead (or almost): What are the alternatives and issues?

Author(s): Matthew Burgess CTA

Trusts Workshop questions & answers

Author(s): David Marschke CTA

Details

  • Published On:11 May 2009
  • Took place at:Brisbane Marriott Hotel

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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