Taxation Aspects of Winding Up Trusts - February 2021 (3 Hours of CPD)

The reasons for winding up trusts could be for various reasons, whether it be due to estate planning purposes, settling family disputes or mere convenience.

Regardless of the reason, the process of winding up trusts involves simply paying out all the assets. However, there are important considerations to be aware of, particularly the taxation aspects.

We really need to understand these taxation aspects so as to avoid any potentially massive implications if done incorrectly.

This masterclass will examine the taxation aspects of winding up trusts, including recent legislative changes, rulings and court judgements pertaining to the same.

This masterclass will cover the following topics:

• Legal nature of trusts
• The various phases and methods of winding up trusts
• Key income tax principles relevant to winding up trusts and distributions to beneficiaries of trusts
• Comprehensive overview of the capital gains tax principles relevant to winding up trusts
• Tax effective strategies for winding up trusts limiting tax liability for trustee and beneficiaries
• Effect of recent court judgements pertaining to taxation aspects of winding up trusts
  

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