• CPD Points: 1 [PS] [SL]
  • Price: $77.00
  • Area: Companies / Corporations Law; Litigation; Property Law; Trusts
  • Delivered: April 2022
Digital Content
  • Recording
  • Paper (41 pages)

To purchase login below

Description

In this session that was delivered into the Property and Commercial Law Conference 2022, Ron Jorgensen discusses amending discretionary trust deeds to facilitate changes in law, commercial transactions, succession planning or tax planning can be quite complex and may be ineffective or incur inadvertent income tax or duty consequences.

This session will explore the trust, income tax and duty law principles to be considered when amending discretionary trust deeds to facilitate common commercial, succession and taxation transactions, including:

  • Changes of trustee investment powers required by financiers.
  • Changes of trustee and appointors for succession
  • Varying the vesting date for succession planning.
  • The exclusion of beneficiaries on relationship breakdown and for FIDS (Tas) and FILTS (Tas).
  • Differential streaming of trust income tax attributes to beneficiaries for tax planning.
  • Disclaiming adverse income tax distributions.

The main takeaways from this session are:

  • Key legal risks to which trustees and lawyers are exposed.
  • How to mitigate those risks.
  • Example precedents for common transactions.
  • CPD Points: 1 [PS] [SL]
  • Price: $77.00
  • Area: Companies / Corporations Law; Litigation; Property Law; Trusts
  • Delivered: April 2022
Digital Content
  • Recording
  • Paper (41 pages)

To purchase login below

Description

In this session that was delivered into the Property and Commercial Law Conference 2022, Ron Jorgensen discusses amending discretionary trust deeds to facilitate changes in law, commercial transactions, succession planning or tax planning can be quite complex and may be ineffective or incur inadvertent income tax or duty consequences.

This session will explore the trust, income tax and duty law principles to be considered when amending discretionary trust deeds to facilitate common commercial, succession and taxation transactions, including:

  • Changes of trustee investment powers required by financiers.
  • Changes of trustee and appointors for succession
  • Varying the vesting date for succession planning.
  • The exclusion of beneficiaries on relationship breakdown and for FIDS (Tas) and FILTS (Tas).
  • Differential streaming of trust income tax attributes to beneficiaries for tax planning.
  • Disclaiming adverse income tax distributions.

The main takeaways from this session are:

  • Key legal risks to which trustees and lawyers are exposed.
  • How to mitigate those risks.
  • Example precedents for common transactions.

Ronald Jorgensen, Partner, Accredited Tax Law Specialist. Thomson Geer Lawyers

About the Presenter:

Mr Ron Jorgensen principally consults on Commonwealth and State tax laws, tax dispute resolution and compliance enforcement. Ron specialises in trusts and trust disputes, succession and asset protection, business and investment structuring and tax sensitive commercial and property transactions. Ron is an Accredited Specialist Tax Law with the Law Institute of Victoria. He is a member of the Law Institute of Victoria and The Tax Institute. Ron is a member of the Tax Technical Committee (Vic), a member and former chair of the States Taxes Committee (Vic) and former representative of the Victorian State Taxes Consultative Council for The Tax Institute. Ron is a Senior Fellow, University of Melbourne lecturing in the LL.M. program on Tax Practice: Writing Effectively (LAWS70318). Ron is a nationally respected technical writer and presenter.

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About the Presenter:

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About the Presenter:

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About the Presenter: