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Recorded Webinars

Recorded Webinar: Getting Assets out of SMSFs and Family Trust: Mind the (State and Territory) Taxes on the Way Out!

Getting assets out of family trusts and SMSFs and into the direct ownership of beneficiaries and dependents can be a challenging process. Advisers need to be aware of how to best navigate state and territory taxes, including stamp duty and land tax rules. This session unravels th
PRESENTED BY Michael Butler Tax and Revenue Partner - Finlaysons , Adelaide

Date/Time

About the Webinar

Getting assets out of family trusts and SMSFs and into the direct ownership of beneficiaries and dependents can be a challenging process. Advisers need to be aware of how to best navigate state and territory taxes, including stamp duty and land tax rules. This session unravels the complexities, including:

  • Issues when assets are held in SMSFs and Trusts:
    • Whose assets are they and who controls them?
    • How do you transfer SMSF and Trust assets to beneficiaries?
    • What are the trust law, SIS, income tax, and CGT consequences of such transfers?
  • the liability of transfers of real estate to duty and stamp duty;
  • the application of the land tax rules;
  • the special position relating to farms and primary production land;
  • Duty and stamp duty exemptions and concessions that can apply to transfers of assets to members and beneficiaries of SMSFs and trusts

Presented By

Michael Butler
Tax and Revenue Partner, Finlaysons Adelaide, SA

Michael Butler is a Tax & Revenue Partner at Finlaysons Lawyers in Adelaide.

Michael has spent over 35 years working solely in taxation law – he is a true specialist in his field.  His deep experience in tax law means he can provide advice that considers each client’s unique situation and suggest tax-effective options and solutions to help clients achieve their commercial goals. 

Michael’s expertise at state, federal and international levels includes income tax, capital gains tax, GST, Wine Equalization Tax (WET), fuel tax credits and carbon tax, as well as stamp duty, payroll tax and land tax.  Michael also has extensive experience advising on international taxation matters, including Australian taxpayers investing and carrying on business offshore.

Michael's expertise is acknowledged in Best Lawyers Australia 2022 for Tax Law, Superannuation Law, Trusts & Estates, and Wealth Management/Succession Planning Practices; including as 2022 Lawyer of the Year in Trusts & Estates.

Michael has been also listed in Doyle’s Guide as a Pre-eminent SA Tax Lawyer, with Finlaysons listed as a First Tier SA Tax Law Firm.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters and stamp duty – 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. 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 – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

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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