Recorded Webinar: Trust Distributions Revisited: Recharacterisation of Trust Income and Other Issues

 

Date: Wednesday 26th August 2020
Approximate Length: 1 Hour

 ABOUT THE WEBINAR
Despite the High Court clarifying its position in FCT v Bamford and the Government introducing legislation to specifically allow the streaming of franked dividends and capital gains to particular beneficiaries, there is still widespread confusion amongst trustees, practitioners and clients as to what can or cannot be done when making distributions to beneficiaries. This session seeks to dispel the confusion and focuses on the following areas:

  • Trust Income v Taxable Income
  • Present entitlement v Specific entitlement
  • Trustees duties and obligations
  • Practical tips for drafting distribution minutes
  • The importance of the trust deed
  • The limits of a trustee’s discretion - Trani v Trani, Re Marsella
  • Limits on recharacterisation of trust income – TA2016/12
  • Strategies to stream income other than franked dividends and capital gains
 PRESENTER
Recorded Webinars,Taxation,Recorded Webinar: Trust Distributions Revisited: Recharacterisation of Trust Income and Other Issues

Damian O’Connor, Principal & Chartered Tax Advisor, Tax + Law, Brisbane

Damian is a Tax Lawyer and Chartered Tax Advisor with clients in Melbourne, Brisbane, the Gold Coast, around Australia and overseas.

He has been helping clients with Corporate, Commercial and Tax aspects of their businesses for 18 years, most recently as a tax partner with national law firms, following 23 years with the Australian Taxation Office as an investigator and auditor and in other roles.

Damian has assisted many clients with the tax complications of planning and structuring their business and financial affairs, and has successfully managed taxation audits (including payroll tax and state duty dealings), debt and penalty negotiations, Director Penalty claims, private rulings, objections and tax appeals to the AAT and the Federal Courts.

He has considerable experience working for clients when the going gets tough, and has defended tax prosecutions and managed many contentious, complex, high risk and high stress tax matters, including Project Wickenby raids.

Damian regularly presents seminars on Tax aspects of business transactions, family law, trusts and estates, Division 7A, superannuation and most other areas of tax law for a range of organisations including Television Education Network, Law Institute of Victoria, Queensland Law Society, North Queensland Law Association, the Tax Institute, Griffith University, QUT, Law Central, Australian Corporate Lawyers Association, Australian Stock Reports and Legalwise.

 WHO SHOULD ATTEND?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au



© Television Education Network Pty Ltd 2020

Product Code: WBTAUG20
 Price:  $198.00 (Inclusive of GST)
© 2020 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.