Family trust elections offer considerable benefits to family groups. However, the consequences for getting it wrong – family trust distribution tax at 47% plus the general interest charge – are dire. Adding to the mix is that family trust elections are an area of ATO focus.
This session will work through some of the key issues around FTEs (and IEEs) including:
• When and how to make FTEs and IEEs
• Groups with more than one test individual
• Deaths and relationship breakdowns
• Sales of businesses (or entities) in whole or part
• Strategies when a liability for family trust distribution tax arises.
Who should watch
Tax advisors, financial planners, tax agents, accountants, lawyers and those advising on family trusts
Level of expertise
This webinar is for persons with some knowledge or interest in family trusts
Neil Brydges, Principal
Presenter
Neil is a Principal in the business law area, with a particular focus on taxation advice and disputes.
Taxation law is a complex area. 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.
View Neil’s full profile here
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