2011

For Accountants - Reviewing & Updating Your Client's Trust Deed

Source: New South Wales

Published Date: 16 Nov 2011

 
Do you have clients with trust deeds that were drafted and executed in the 1980s, 1970s or earlier? Have you recently reviewed these deeds? In recent years the Tax Office has significantly increased its understanding of Trust Law and it is therefore crucial that accountants have deeds that operate as originally intended.

This event was pitched at the SME adviser, and provided help for accountants that are reviewing their client's trust deed including:

  • the basics: Eligible beneficiaries, control of the trust, authorised transactions
  • key clauses
  • resettlements
  • accumulate, pay and/or apply clauses and present entitlement
  • issues arising from Tax Laws Amendment (2011 Measures No 5) Act 2011 including specific entitlement
  • trustee resolutions
  • key issue checklists.

Trusts

Author(s): Tristan Webb CTA

Details

  • Published On:16 Nov 2011
  • Took place at:The Tax Institute, 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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2011

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