The date may be looming where interest in trust property is required to vest or estate planning discussions are being directed at whether the vesting date can be brought forward. This session explores the tax implications that these situations may encounter, including:
What happens to trust assets on vesting
What are the tax implications on vesting if:
- CGT assets are distributed to beneficiaries?
- The assets continue to be held on trust for the specified
beneficiaries?Can extending the vesting date cause a CGT event to occur?
When can CGT events E1 and E7 apply upon a trust vesting?
A review of CGT event E5, including:
- determining if a beneficiary is “absolutely entitled as
against the trustee to CGT assets of the trust”
- whether the type of asset (ie. property or shares) makes a
difference
Neil Brydges, Principal Lawyer
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.
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