Recorded Webinar: Tax Effective Strategies for Separating Trust Assets: No Splitting, No Cloning - No Worries

With the ATO’s crackdown on trust splitting and trust cloning in recent years, taxpayers and advisers need to look to other options for tax effective separation of trust assets. This session explores the options for getting a similar legal or economic position as trust splitting, including:

• the availability of CGT concessions and rollovers to transfer assets

• tailoring company constitutions

• entering into deeds of family arrangement

• making interim capital distributions and loan back arrangements

• amending trust deeds to allocate particular assets to adult children beneficiaries after the death of the parents

• whether these options sit within the ATO views on trust resettlement?