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Recorded Webinars

Recorded Webinar: Reimbursement Agreements (Section 100A): There is a Lot to Unpack

It appears that as far as reimbursement agreements and section 100A go, it is either feast or famine. Whilst practitioners have been struggling with the minimal guidance available to confidently advise on the topic, all of a sudden there is a case decision (under appeal) in favou
PRESENTED BY Mark Molesworth Partner - BDO , Brisbane

Date/Time

About the Webinar

It appears that as far as reimbursement agreements and section 100A go, it is either feast or famine. Whilst practitioners have been struggling with the minimal guidance available to confidently advise on the topic, all of a sudden there is a case decision (under appeal) in favour of the taxpayer, a draft tax ruling, ATO compliance guidelines and a Taxpayer Alert for practitioners to wrap their heads around. This session delves into the content, including:

  • What are the four basic requirements for section 100A to apply?
  • Practical examples of what are considered to be ordinary family or commercial dealings
  • Distributions to adult children on low marginal tax rates:
  • what is required to comply with TR 2022/D1?
  • what practical steps need to be taken to account for a separate trust to be held for the sole benefit of a beneficiary until the entitlement is called in?
  • What will be the ATO’s compliance approach, including:
  • what arrangements will fall within the “red” zone?
  • action to take if your arrangement falls within the “red” zone
  • ATO action on parents benefiting from trust distributions to children over 18 (TA 2022/1)
  • The tax consequences of section 100A applying, including the adverse tax consequences when a capital gain is involved
  • Does the ATO guidance align with Guardian AIT Pty Ltd ATF Australian Investment Trust v Commissioner of Taxation [2021] FCA 1619 (under appeal)?
  • Practical case studies from TR 2022/D1, PCG 2022/D1 and TA 2022/1

Presented By

Mark Molesworth
Partner, BDO Brisbane, QLD

Mark is a partner with chartered accounting firm BDO’s tax division. He has more than 20 years’ experience in advising taxpayers with respect to all areas of taxation including CGT, FBT, and income tax.

Some of his areas of speciality include international tax, the small business CGT concessions, the debt/equity provisions and the trust loss provisions.

He also provides taxation advice to other smaller accounting and legal practices in respect of their clients.

Mark has Bachelor of Commerce and Bachelor of Laws degrees from the University of Queensland and is a Chartered Accountant and Chartered Tax Adviser.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This is an update webinar on recent developments in this area.

CPD Information

Accountants can claim up to 1 CPD/Training 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.

WA lawyers – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

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]

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