Description
Gain practical insights into trust taxation, anti-avoidance rules, bright-line implications, and common trust tax pitfalls
This webinar considers the Commissioner’s latest guidance on tax planning in the light of the 39% trustee tax rate, the circumstances in which the 33% trustee tax rate still applies, and how the specific anti-avoidance rule directed at distributions to certain corporate beneficiaries applies.
This webinar also considers the tax implications (and tax traps) arising from making distributions to beneficiaries, trust resettlements, and when “rollover relief” from the bright-line test applies to trusts.
LEARNING OUTCOMES
You will:
- Be aware of the Commissioner’s latest guidance on tax planning and trusts, including what behaviours may result in an Inland Revenue investigation
- Learn how the 39% trustee tax rate affects trust structures and when the 33% trustee tax rate still applies
- Understand when the specific anti-avoidance rule directed at distributions to certain corporate beneficiaries applies
- Understand how the bright-line test applies to property held in trust, including the application of the “main home exclusion” and “rollover relief”
- Know what tax issues arise on distributions, including the distribution of “deemed income” and imputation credit streaming
- Learn about the GST and income tax implications of trust resettlements
SUITED TO
Accountants of all levels, tax lawyers, trust lawyers and others who act as trustees of clients’ trusts.
PRESENTER
Stephen Tomlinson, Partner, Tomlinson Law
Stephen Tomlinson is a partner of Tomlinson Law. Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust seminars and webinars. Stephen advises accounting firms and law firms on a wide range of tax issues. He is a member of The Law Association of New Zealand’s Trust Law Committee.
You might be interested exploring additional titles on similar and other topics presented by this organisation.