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Recorded Webinars
Recorded Webinar: Restructuring the Family Farm: A Tax Primer
With many farming families at the point of generational change, taxpayers and advisers need to consider which are the most duty effective ways to restructure existing arrangements over the family farm. This session considers the family farm/business exemptions available in various
PRESENTED BY
Rachel O’Donnell
Special Counsel – Head of Indirect Tax, Hall
Date/Time
About the Webinar
With many farming families at the point of generational change, taxpayers and advisers need to consider which are the most duty effective ways to restructure existing arrangements over the family farm. This session considers the family farm/business exemptions available in various states, including:
- Where is the family farm? Understanding the primary production test
- What types of transactions are covered?
- Restructuring assets out of family trust
- What is the nature of the link required between the transferor and the transferee?
- What relatives are covered – for example, cousins and uncles/aunties?
- Are non-natural persons covered – for example, transfer to or from trusts?
- Is it permissible to transfer from taxpayer to taxpayer and other persons?
- When is consideration being provided?
- Is a UPE being eliminated?
- Getting the accounting mechanism right – avoiding consideration through the use of an asset revaluation reserve
- Using other trust exemptions
Presented By
Rachel O’Donnell
Special Counsel – Head of Indirect Tax, HallWho 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.
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]