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Recorded Webinars

Recorded Webinar: Looking Beyond the Losses and Franking Credits: Family Trust and Interposed Entity Elections

Whilst the family trust election (FTE) can be a useful tool to ensure the benefits of trust tax losses and franking credits are maximized, there are other consequences that without proper planning, can lead to unforeseen tax consequences. This session sheds some light on these is
PRESENTED BY Mark Molesworth Partner - BDO , Brisbane

Date/Time

About the Webinar

Whilst the family trust election (FTE) can be a useful tool to ensure the benefits of trust tax losses and franking credits are maximized, there are other consequences that without proper planning, can lead to unforeseen tax consequences. This session sheds some light on these issues, including:

  • The extended definition of ‘distribution’ for family trust distribution tax purposes (FTDT)
  • When loans to parties outside the family group can lead to FTDT
  • Issues to consider when a trust with an FTE moves assets by way of sale or restructure
  • Future consequences of making an FTE and interposed entity election (IEE)
  • Can an FTE and IEE be revoked or varied
  • ATO guidance on strategies which may reverse FTDT subject to amendment periods (QC 48752)
  • The calculation of FTDT when it applies
  • Case studies

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 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 – 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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