This webinar is the first of a 3-part series covering the taxation of trusts.
To view the remaining parts please click below;
This session provides a comprehensive introduction to this subject, including an overview of the key concepts that are vital to understand in practice, including:
• how trusts are created;
• different types of trusts;
• the obligations & role of the appointor, settlor, beneficiaries & trustees;
• variation of trust deeds & trust resettlements; and
• vesting trusts & the perpetuity period.
The webinar covers trust distributions and the background to the common law decisions that have resulted in the ‘proportionate approach’ to the distribution of trust income being adopted.
This session covers the practical aspects of making trust distributions, with a particular focus on:
• the concept of trust law income & tax law income;
• determining trust income; and
• worked examples on how to best handle common problems.
The concepts of ‘present entitlement’ and the tax residence status of trusts are also dealt with, along with the relevance in practice.
Accounting, taxation and legal professionals, as well as those working in commerce that require an understanding of the key concepts underpinning the taxation of trusts. It is also suitable for experienced professionals at all levels, who require a ‘refresher’ on this subject.
Crowe Horwath is the largest provider of practical accounting, audit, tax, business and financial advice to individuals and businesses from a network of over 80 offices throughout the country.
The firm’s team of 300 Principals (approx.) and professionals deliver a full range of accounting including, audit and taxation, business advisory, corporate finance and wealth management services from offices in the cities of Sydney, Melbourne, Brisbane, Canberra, Perth, Auckland, Wellington and major regional centers in Australia and New Zealand.
You will be provided with:
• PowerPoint presentation slide deck
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
A practical introduction to the key aspects relating to the taxation of trusts and key trust law concepts.