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Recorded Webinars

Recorded Webinar: Accessing Small Business CGT Concessions in a Trust: Withstanding ATO Scrutiny and Maximising Benefits

Practitioners don’t need to be reminded that trusts have their own unique tax features that seem to be attracting ever increasing scrutiny from the ATO. Therefore, when it comes to the significant tax benefits that a trust may avail itself to by using the small business CGT conces
PRESENTED BY Raffi Tenenbaum Tax Director - William Buck , Sydney

Date/Time

About the Webinar

Practitioners don’t need to be reminded that trusts have their own unique tax features that seem to be attracting ever increasing scrutiny from the ATO. Therefore, when it comes to the significant tax benefits that a trust may avail itself to by using the small business CGT concessions, it is imperative that the use of the concessions be able to stand up to the possibility of rigorous scrutiny. This session explores the issues applicable to a trust’s use of the concessions, including:

  • The maximum net asset value test and the treatment of unpaid present entitlements to a beneficiary connected with a trust (TR 2015/4)
  • How are the concessions applied for a trust that owns and disposes of interests in other entities ((TD 2006/65)?
  • Determining if a trust has a CGT concession stakeholder and calculating the direct and indirect small business participation percentage:
    • in a fixed trust (ID 2015/8)
    • in a discretionary trust (ID 2012/99)
  • How to apply the small business 15 year exemption to trusts
  • How to apply the small business retirement exemption to trusts
  • Impact on company beneficiaries receiving trust distributions that include the 50% discount and the small business 50% active asset reduction
  • Considering the small business CGT concessions as a restructure option from trust to company to cater for purchaser preference
  • Case study – comparison of a business sale, from satisfying the basic conditions to distributing the sale proceeds, for:
    • a fixed trust
    • a discretionary trust

Presented By

Raffi Tenenbaum
Tax Director , William Buck Sydney, NSW

Raffi Tenenbaum is a Tax Director at William Buck in Sydney.

With over 20 years’ experience in the tax profession across big-4 firms, mid-tier firms and the Australian Taxation Office, Raffi specialises in advising Australian & foreign businesses on taxation issues impacting their structures and business operations, including equity raisings, IPOs and transactions.

Most of Raffi’s clients are privately-owned business groups of various sizes who regularly grapple with tax issues, including Division 7A, taxation of trusts, CGT small business concessions, etc.  Raffi also assists many of his privately-owned clients expand their operations overseas, especially into the Asia-Pacific region.

Raffi is a senior presenter for the Television Education Network, CPA Australia and The Tax Institute and has presented many sessions and papers on contemporary taxation issues.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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