Discretionary family trusts have been a popular vehicle for operating a business or holding assets in Australia. However, it Is not uncommon for families to decide that a trust no longer meets their needs, and needs restructuring, whether by transfer of the assets to a company, or another trust or trusts. In this program, George Kolliou, from AG Lawyers in Melbourne, reviews: the tax issues that need to be considered; how a trust can be restructured; and the tax implications of the different strategies.
[25.38 minutes] [0.42 CPD hours]
George Kolliou, formerly principal of Kolliou Tax Lawyers, has worked in the taxation field for over 30 years, firstly as an accountant and then as a lawyer. George's special area of interest is the intersection of taxation and trust law particularly in the SME context.
George regularly presents at tax conferences on SME taxation issues and writes for various professional journals. He has also co-authored the Australian Trusts Tax Handbook published by Thomson Reuters.
0.01 CPD Hours