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Recorded Webinars

Recorded Interactive Webinar: The 30% Trust Distributions Tax: The End of Trusts?

The Federal Budget reforms will further constrain the ability of families to get trust distributions to tax advantaged beneficiaries. This is the first legislative attempt to whack trusts in 25 years since the Ralph Review recommended trusts be taxed as companies. Just how dramati
PRESENTED BY Nathan Yii Principal Lawyer, Chartered Tax Advisor and SMSF Specialist Advisor - Nathan Yii Lawyers , Melbourne

Date/Time

About the Webinar

The Federal Budget reforms will further constrain the ability of families to get trust distributions to tax advantaged beneficiaries. This is the first legislative attempt to whack trusts in 25 years since the Ralph Review recommended trusts be taxed as companies. Just how dramatic will this tax be? Is it the end for trusts or just another stage in the endless efforts of Treasury and the ATO to curtail their use?

  • The new tax of 30% on trust distributions, and issues that arise:
    • Interaction with franking credits received by the trust
    • Streaming rules
    • Tax offset for beneficiaries
    • Corporate beneficiaries
  • To which entities will it apply
    • Family Discretionary trusts from FY28
    • Testamentary trusts established after budget night
  • The exemptions, including:
    • Fixed trusts – are they a viable alternative
    • Primary production trusts
    • Super funds
  • How it will affect family trusts in practice
    • Trusts with substantial income vs trusts with lower income
    • How it will affect distributions to low tax beneficiaries
    • Businesses run through companies owned by trusts
    • Businesses run directly through trusts
  • Restructuring existing arrangements, including the announced 3 year rollover
  • Impact on estate plans – should clients review their estate planning and the use of testamentary trusts?
  • Other reasons for trusts - are trusts still useful? 
  • Worked examples

Please note that due to the timeliness of this topic, a technical paper will not be available for this webinar. In lieu of a written paper, attendees will have access to the presenter's detailed PowerPoint slides, which will serve as a comprehensive reference for the session.

Presented By

Nathan Yii
Principal Lawyer, Chartered Tax Advisor and SMSF Specialist Advisor, Nathan Yii Lawyers Melbourne, Vic

Nathan Yii is the Principal Lawyer, Chartered Tax Advisor and an accredited SMSF Specialist AdvisorTM of the Melbourne based legal practice, Nathan Yii Lawyers. He is a graduate of Melbourne Law School and holds a Bachelor of Commerce (Accounting), a Bachelor of Laws (Hons) and a Master of Laws. He is a leading structuring and estate planning lawyer, a university lecturer and presenter and is recognised in Doyles’ Guide as a leading Estates & Succession Planning Lawyer and Wills & Estates Litigation Lawyer in Victoria.

Nathan takes a strategic approach to legal practice and focuses on tax-effective solutions, estate planning, asset protection, SMSF compliance and trusts, estates and SMSF disputes. He works with and consults to high net worth individuals, family offices, legal and non-legal professionals and their clients.

Nathan is a regular presenter in his areas of interest and expertise and regularly presents for legal and accounting CPD providers and discussion groups around Australia. He is also an adjunct lecturer and advisory committee board member for the Estate Planning Practice Specialisation in the Master of Laws program at the College of Law.

Who Should Attend?

This webinar is suitable for accountants and lawyers 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. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

OPTIONAL ONLINE QUIZ

We will be adding an optional online quiz to the recording of this webinar to make it interactive in terms of the type of CPD that can be claimed. Upon completion of the quiz the successful registered user will receive a CPD certificate confirming completion and the CPD units/points/hours earned. The online quiz will be available with the recording – typically within 1 to 2 days of the live webinar being held.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

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, Jason Hooker on (03) 8601 7709 or email: [email protected]

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