2010

Travelling Trusts - Where is a trust resident?

Source: New South Wales

Published Date: 28 Apr 2010

 
With an ever increasingly mobile population, practitioners are often faced with a client that arrives in Australia with a pre-existing trust, or leaves Australia with a trust arrangement in place. Many difficult trust and taxation issues arise in these circumstances.

This event considered practical legal and taxation consequences of changing residence, including:

  • establishing the residence of a trust
  • changing the residence of a trust and domicile v redomicile
  • changing the proper law of the trust and its administration, including issues concerning the rule against perpetuities
  • CGT cost base uplift on arrival and valuation issues
  • the transferor trust regime
  • blind trusts - is there an attributable trust interest?
  • avoiding resettlement
  • characterisation of distributions received post arrival
  • Sections 96B, 96C and 99B in operation
  • temporary resident provisions.

Travelling trusts

Author(s): Christopher Catt
Materials from this session:

Travelling trusts

Author(s): Peter White CTA
Materials from this session:

Details

  • Published On:28 Apr 2010
  • Took place at:Sydney Harbour Marriott, Sydney

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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