2011

Tax and Trusts: The Essentials

Source: New South Wales

Published Date: 29 Mar 2011

 
The number of trusts used in Australia continues to grow at a tremendous pace. This is mainly because of the flexibility of trusts and the tax advantages and the potential benefit of asset protection that they provide.

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 need 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.

This event covered an introduction to basic trust law concepts. It also covered a basic understanding of tax law concepts and led onto the more specialised materials in the Trusts Roadshow program to be held later in the year.

Introduction to trusts

Author(s): Arlene Macdonald CTA-Life , Michael Bennett

Introduction to taxing of trusts

Author(s): Arlene Macdonald CTA-Life , George Samaras CTA , Helen Hodgson CTA

Details

  • Published On:29 Mar 2011
  • Took place at:The Grace Hotel, 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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