Family Trusts & Trust Distributions - Structure & Effect - May 2022 (3 Hours of CPD)

Trusts have become a viable and widely used vehicle as both an investment and a business vehicle, but the taxation regime governing trusts and trust distribution continue to be fraught with complexity and some elements of uncertainty with some significantly adverse consequences if taxpayers get it wrong.

In particular, the ATO has recently made trusts and trust distributions an acute focus of their tax compliance agenda by issuing several tax guidance instruments pertaining to reimbursement agreements and unpaid present entitlements.

Topics to be covered: 

• The legal structure and nature of a trust. 
• The core requirements for the establishment of a family trust, including: 
• Setting up a family group; 
• Choosing an appropriate primary individual; and 
• Making a family trust election and interposed entity election, if required 
• The taxation advantages of a family trust, including the utilisation of tax losses and franking credits. 
• The key taxation disadvantages of a family trust, including the scope and impact of family trust distributions tax. 
• Tips, traps and planning strategies relevant to using trust vehicles. 
• Compliance requirements pertaining to trust distributions and, including unpaid present entitlements (UPEs) and the risks posed by reimbursement agreements. 
• And much more…
  

What's Included?

• 90 Days of Recording Access (Unlimited Views) 
• Instant access to the recording and slides
• 3 hours of CPD + Certificate
  
• Included Q&A session