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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
PRESENTED BY
Edward Skilton
Special Counsel, Sladen
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
Special Counsel, SladenWho 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]