Fundamentals of Trusts

Build the foundations of your tax knowledge on trusts.

This webinar covers the fundamental principles of the taxation of trusts.  It 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.  It covers the practical aspects of making trust distributions, with a specific 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. 

Learning Outcomes:

Attendees will gain a solid understanding of the key concepts underpinning the taxation of trusts. 

Suited to:

The webinar is suitable for accounting, taxation and legal professionals, as well as those working in commerce.  It is also suitable for experienced professionals at all levels, who require a ‘refresher’ on this subject.

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz