Are foreign trusts the new black?

In November 2016, "Are foreign trusts the new black?” written by Sladen Legal’s Phil Broderick was published in The Tax Institute Journal, Taxation in Australia.

As more jurisdictions create special rules for “foreign trusts”, it is important to understand what makes a foreign trust under each measure. This article examines when a trust will be a foreign trust and what changes can be made to trusts to ensure that they are not foreign trusts under Commonwealth’s FIRB regime and the Duties Act regimes in Victoria, New South Wales and Queensland.

A copy of this article can be accessed here.

This is a complicated area of tax and trust law and is not something that should be even considered without first seeking legal advice.

To discuss this article, or for further Information please contact:

Phil Broderick
Principal
Sladen Legal
T +61 3 9611 0163  l M +61 419 512 801  
Level 5, 707 Collins Street, Melbourne, 3008, Victoria, Australia
E: pbroderick@sladen.com.au

Melissa Colaluca
Associate  
Sladen Legal                                                                
T +61 3 9611 0161
Level 5, 707 Collins Street, Melbourne, 3008, Victoria, Australia  
E: mcolaluca@sladen.com.au