Family trust elections (FTEs) and interposed entity elections (IEEs) remain essential tools for private clients, unlocking access to a range of tax concessions that would otherwise be unavailable to discretionary trusts. But recent media attention of a high-profile Federal Court proceeding (along with increasing ATO attention) have shone a spotlight on the significant risks when these elections go wrong.
This session will provide a practical framework for advising on when FTEs and IEEs should (and should not) be made in modern succession structures, including their interaction with testamentary trusts and intergenerational wealth transfer. Critically, the session will address the re-emerging issue of family trust distribution tax (FTDT): the trap of distributions between commonly controlled trusts with different test individuals, the alarming indefinite review period and the compounding general interest charge. Practitioners will leave with actionable guidance on identifying legacy exposures, understanding the ATO’s current compliance approach and structuring elections appropriately for the next generation.
Who should watch
Trustees and their advisers (accountants, financial planners and lawyers).
Level of expertise
This webinar is for persons with some knowledge or interest in family trusts.
Cost: $99.00
If you register more than one attendee, discounts apply:
2 attendees - $190 (normally $198, saving $8)
3 Attendees - $275 (normally $297, saving $22)
4 attendees - $355 (normally $396, saving $41)
5 attendees - $400 (normally $495, saving $95)
Sladen Smart Members: Free
Once you have registered you will be sent a receipt and then soon after a personalised link to access this webinar via zoom.
You can register up to 5 individual attendees (please contact us, should you require more than 10) each person will be sent a personalised link to join. You will be unable to share your link to the live webinar. The event will be recorded and emailed to all registered attendees the day after the event.
Presenter
Neil Brydges
Principal Lawyer
Accredited Specialist in Tax Law
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.