It has become quite common practice to make family trust and interposed entity elections to deal with carry forward losses and franked distributions without considering the impact on the future of the group. Particularly in these turbulent times, advisers can be caught off guard on issues which can arise when these elections are made without foresight. This session will consider how an incorrect decision or nomination of test individual could affect the options of the group in the future and how to deal with them. The session will examine:
FTEs, IEEs and their revocation;
family trust distributions tax; and
entities with losses with extended family ownership
Who should watch
Financial planners, tax agents, accountants, lawyers and those interested in trusts and/or the treatment of losses for tax purposes
Level of expertise
This webinar is for persons with some knowledge or interest in trusts and/or the treatment of losses for tax purposes and looking to improve their knowledge.
Presenters
Daniel Smedley
Daniel enjoys solving complex taxation and trust law issues for private enterprises who share his entrepreneurial spirit. He is a trusted confidant in designing and implementing robust personal and business succession plans. Daniel’s commitment to protecting and enhancing the commercial and personal interests of his clients consistently delivers great outcomes.
He is a regular presenter at state and national industry conventions, conferences and workshops.
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.