Understanding Trust Losses

Navigate the complexities of Trust Loss provisions by mastering key tests, franking credits, trustee reporting, and practical CGT strategies for trusts.

This session explores several key, yet often misunderstood, aspects of trusts. The session covers the trust loss provisions and the specific tests different types of trusts must meet to deduct losses, including:

The income injection test

• The 50% stake test
• The patterns of distribution test
• The control test
• The same business test

It also addresses the rules for distributing franking credits to beneficiaries, as well as trustee-beneficiary reporting requirements. Practical capital gains tax planning strategies for trusts will also be highlighted.

The session also covers:

• Family trust elections (FTEs)
• Interposed entity elections (IEEs)
• The variation and revocation of elections

The practical implications of FTEs and IEEs are discussed, along with how the ‘test individual’ and ‘family group’ are determined. An overview of Family Trust Distribution Tax (FTDT) is also provided.

Learning Outcomes:

The session includes meaningful worked examples throughout, along with practical tips where applicable.

Suited to:

The session is suitable for accounting, taxation and legal professionals (at all levels).

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation