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Recorded Webinars

Recorded Webinar: Act Now or Later? Tax Implications of Early Inheritances

It is not uncommon for a parent or grandparent to decide that a helping hand to the next generation now rather than later via their estate, is a more useful way of utilising their resources. Whilst there is a bit to think about before going down this path, if the asset is a CGT as
PRESENTED BY Paula Tallon Tax Specialist - Salann Tax , Sydney

Date/Time

About the Webinar

It is not uncommon for a parent or grandparent to decide that a helping hand to the next generation now rather than later via their estate, is a more useful way of utilising their resources. Whilst there is a bit to think about before going down this path, if the asset is a CGT asset, or the funds are to be sourced from a CGT asset, that extra bit of thought might save tax dollars that are unwittingly applied. This session looks into the tax implications of an inheritance sooner rather than later, including:

  • The tax implications of transferring a CGT asset for no consideration to a family member pre death
  • The pathway and taxing points of CGT assets from the deceased to the estate to the ultimate beneficiary
  • When and why it may be more beneficial in the future to have ownership of an asset in a testamentary trust
  • The treatment of pre CGT assets - maximising the cost base for the next generation
  • Planning for pre death unused tax and capital losses
  • What are the stamp duty implications of transferring property:
    • as an early inheritance to family members?
    • via a will
  • Tax effective tips and traps for planning inheritances pre and post death
  • Case study

Presented By

Paula Tallon
Tax Specialist, Salann Tax Sydney, NSW

Paula is an Australian and UK tax adviser and the founder of Salann, a specialist tax consultancy working with advisors and their clients to overcome tax challenges with practical and creative solutions.

Prior to founding Salann, Paula was a Director with Sydney based Prosperity Advisers Group. She has specialised in tax for over 25 years. Before moving to Australia in 2017 Paula was managing partner of Gabelle LLP, a specialist tax firm which she founded in 2011 and sold to Markel International in 2017. Prior to founding Gabelle, Paula was a tax partner with BDO in London.

Paula has particular expertise in advising family businesses and advises individuals, corporates, partnerships, and trustees, specifically in relation to property matters, business transactions and structuring conundrums.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. 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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