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Recorded Webinars

Recorded Webinar: Navigating the Annual Trust Tax Traps: Clearing the Key Hurdles

Managing the annual tax compliance obligations of a discretionary trust can feel like an obstacle course, with potential pitfalls at every turn. From trust deed reviews to the latest ATO scrutiny, tax practitioners must stay ahead to avoid costly missteps. This session breaks down
PRESENTED BY Darius Hii Director, Chartered Tax Adviser - Chat Legal , Brisbane

Date/Time

About the Webinar

Managing the annual tax compliance obligations of a discretionary trust can feel like an obstacle course, with potential pitfalls at every turn. From trust deed reviews to the latest ATO scrutiny, tax practitioners must stay ahead to avoid costly missteps. This session breaks down the key hurdles and provides practical strategies to navigate them, including:

  • A review of the trust deed for clauses that can cause you to trip up, including:
    • the definition of income
    • when beneficiaries include non-residents
  • Tax consequences if the trust deed can’t be located and steps to take to minimise the damage
  • Risks with failing to give “real and genuine consideration” when applying discretion to the annual distribution of trust income
  • Navigating:
    • section 100A
    • the impact of Bendel’s case on UPEs to companies and why understanding  Subdiv. EA ITAA 1936 is recommended
    • the claiming of trust losses
  • Family trust elections and interposed entity election pitfalls occurring in practice
  • The ATO's views on Part IVA and the application when a discretionary trust is involved
  • The application and implications of Sec. 99A applying if any hurdles are knocked down
  • A review of the various amendment time limits specific to trust issues

 

Presented By

Darius Hii
Director, Chartered Tax Adviser, Chat Legal Brisbane, QLD

Darius is a tax and estate planning lawyer, who works alongside private clients and advisors to provide comprehensive structuring advice. The core of his work revolves around planning today for a headache free tomorrow and relates to personal and business succession planning.

This often involves preparing holistic estate plans and ensuring they are structured to complement a client's succession planning and asset protection intentions, as well as implementing tax effective business succession and restructuring strategies.

He has developed a deep interest in trusts and taxation which complements his area of practice.

He founded Chat Legal Pty Ltd to provide legal services to busy individuals and families outside office hours and at a location convenient to them.

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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