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Recorded Webinars

Recorded Webinar: Thanks, But No Thanks - The Tax Implications of Disclaiming Trust Income

Following the High Court’s decision in Commissioner of Taxation v Carter, advisers had hoped for clarity at last around the tax implications of trust disclaimers. However, issues continue to arise regarding the right to trust income. This session unpacks the key challenges and exp
PRESENTED BY Anna Wilson Barrister - Victorian Bar , Melbourne

Date/Time

About the Webinar

Following the High Court’s decision in Commissioner of Taxation v Carter, advisers had hoped for clarity at last around the tax implications of trust disclaimers. However, issues continue to arise regarding the right to trust income. This session unpacks the key challenges and explores the practical issues advisers need to navigate, including:

  • Situations where beneficiaries disclaim their interest in trust income
  • A review of the High Court’s decision in Carter and the key takeaway points
  • What if a beneficiary is not aware of their original entitlement?
  • What additional steps can be taken prior to finalising annual trustee income distribution resolutions to minimise adverse outcomes?
  • Tips for tax effectively disclaiming an interest in trust income
  • Can default beneficiaries effectively disclaim their entitlement on a year-by-year basis?
  • The potential tax implications of having a default beneficiary clause versus not having the clause
  • Case studies

Presented By

Anna Wilson
Barrister, Victorian Bar Melbourne, Vic

Anna acts for the Commissioner and the taxpayer in both State and Federal jurisdictions. Her practice extends to tax technical and structuring advice, tax investigations and audits, private rulings and objections, through to litigation and alternative dispute resolution. Anna also acts in regulatory/disciplinary matters such as those involving registration with the Tax Practitioners Board and/or membership of professional accounting associations. She was involved in the superannuation round of the Financial Services Royal Commission and acts in disputes between members of self-managed superannuation funds.

Anna lectures in the Masters program at Melbourne University, teaching the subject Capital Gains Tax: Problems in Practice.

Who 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.

CPD Information

Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

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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