Description

Achieving trust objectives in tax efficient ways

The coalition Government has reinstated the Tax Bill which introduced the 39% trustee tax rate with intended effect from 1 April 2024.

At the same time Inland Revenue have released guidance on certain trust related transactions which seek to mitigate the effect of the 39% trustee rate.

This webinar will consider the likely tax effects of common trust related transactions and structural changes such as:

• The payment of company dividends to trusts before and after 1 April 2024.
• Trust distributions to lower rate beneficiaries.
• Trusts owning and deriving income through lower tax rate entities and investments.

We will also consider additional tax features likely to generate further inquiry from Inland Revenue.

Attend this webinar for a summary of the proposed tax rules and a discussion of approaches for maintaining the tax efficiency of trusts.

ORIGINAL BROADCAST DATE

19 March 2024

LEARNING OUTCOMES

A good understanding of the existing and proposed trustee taxation rules and approaches to achieving trust objectives tax efficiently.

SUITED TO

Accountants, lawyers, trustees involved with trust taxation.

PRESENTER

Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway.