The increased global mobility of individuals and online transactions, together with the deregulation of financial markets and exchange controls since the 1980s, mean that Australian residents being entitled to foreign funds is, in many instances, “the new black”. This session will outline the Australian tax issues arising and what you should do, and includes:
what is a foreign trust or deceased estate;
receiving a distribution or payment from a foreign trust or deceased estate;
becoming a trustee, controller, or beneficiary of a foreign trust; and
distributions or payments from civil law entities – Stiftungen (foundations) and Anstalten (establishments).
Who should watch
Financial planners, tax agents, accountants, lawyers and those interested in foreign trusts.
Level of expertise
This webinar is for persons with some knowledge or interest in foreign trusts and funds and looking to improve their knowledge.
Presenter
Neil Brydges
Neil is a Principal Lawyer in the business law area, with a particular focus on taxation advice and disputes. Neil’s aim is to provide technical expertise to clients, commercially applied and in a friendly and approachable manner.
Neil’s practice involves advice, audits, disputes, and transactions. The client mix includes both family groups and business enterprises. Neil also regularly assists professional advisors, including tax agents, accountants and financial advisors, to understand complex legal issues and help them to better assist their own clients.