Close
My Cart (0 items)

Login to TEN

Privacy Policy
Return
My Cart (0 items)
81655
Recorded Webinars

Recorded Webinar: Discretionary Trusts and Tax – Determining and Changing the Class of Beneficiaries

A wide class of beneficiaries can create headaches, particularly with state taxes. This session looks at the issues with having too wide a class of beneficiaries in a discretionary trust. How wide should the class of beneficiary be in a discretionary trust? The importance of c

Date/Time

About the Webinar

A wide class of beneficiaries can create headaches, particularly with state taxes. This session looks at the issues with having too wide a class of beneficiaries in a discretionary trust.

  • How wide should the class of beneficiary be in a discretionary trust?
  • The importance of certainty in defining the class of beneficiaries
  • Should you narrow the class to just those intended to benefit?
  • Tax problems with wide class beneficiaries who live overseas
  • Payroll and stamp duty grouping problems if the class is too wide
  • Ensuring a simple way to add beneficiaries if required
  • Family trust elections and narrowing the class
  • Implications for the small business rollover
  • Disclaimers by beneficiaries – how do they work and can they help avoid unintended tax consequences?
  • Smeaton Grange Holdings Pty Ltd v Chief Commissioner of State Revenue [2016] NSWSC 1594

Presented By

Edward Skilton
Principal, Special Counsel, Sladen Melbourne, Vic.

Edward is a Principal in the business law team at Sladen Legal in Melbourne, with a particular focus on equity, trusts and succession.

The focus of his dispute practice is on protecting at risk beneficiaries and others negatively affected by the decisions of the incumbent controllers of estates and trusts. He represents plaintiffs and defendants in the County Court and Supreme Court in matters relating to trust advice, replacement of executors/trustees, validity of documents and transactions (including SMSF and trust distributions) and claims for further provision.

On the planning side, Edward prepares complex estate plans and is particularly interested in assisting the owners of private business groups transfer the business to the next generation, as distinct from a sale to third parties.

Where there are concerns about a person’s ability to make decisions about their own finances (including business and investment assets) and care, Edward advises and represents clients in relation to administration and guardianship applications in the Victorian Civil and Administrative Tribunal including applications for advice regarding proposed transactions, conflict transactions and compensation.

Edward is recommended in Doyles Guide for Wills, Estates and Succession Planning Lawyers, Victoria.

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.

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]

Go to top