Webinar On Demand - Trust Distributions and Section 100A

1 CPD Point – Substantive Law

With 30 June fast approaching, accountants and advisers are turning their minds to trust distributions for their clients. However, this year is proving different, with the ATO dropping a Taxpayer Alert, a draft Taxation Ruling and a draft Practical Compliance Guideline in February this year. These raise significant concerns regarding some common tax minimisation strategies historically employed by Family Trusts.

In this Webinar, Trust Distributions and Section 100A, Tracey Dunn from RSM Australia, reviews the practical implications of the ATO’s new stance, and what it means when formulating this year’s trust distributions.

In this Webinar, Tracey will cover:

• Understanding section 100A, when does it apply and what arrangements does it extend to?
• Trustee resolutions – what do accountants need to consider before year end?
  
• ATO guidance – what is an ‘ordinary’ family and commercial dealing in a culturally diverse society?
• Practical tips on managing risk for agents and clients
• TA 2022/1 – Am I at risk of promotor penalties if my trustee client distributes to an adult child beneficiary?
• Other issues – retrospectivity of ATO guidance and the Tax Agent Code of Conduct
• The impact of the recent High Court decision in Commissioner of Taxation v Carter [2022] HCA 10
  

This webinar is suitable for lawyers, accountants and other professional advisers and is pitched at an intermediate level. It is ideal for any professional looking for clarity on formulating trust income distribution strategies.

Continuing Professional Development

Legal CPD:

WA legal practitioners (QA Provider ID 29250)

1 CPD point, Competency Area 4 – Substantive Law. To ensure you receive your CPD Points for this event, please provide us with your Legal Practice Board Practitioner ID during registration. Note: CPD Points are only uploaded to the Legal Practice Board after the Webinar On Demand is viewed. This is not an “interactive activity” as defined in Rule 7 of the Legal Profession Rules 2009 (WA).

Legal practitioners outside of WA

If you consider that this webinar satisfies your individual requirement, or is relevant to your immediate or long-term professional development needs, you may claim 0.5 CPD points for every 30 minutes of attendance and participation.

Accounting CPD:

1 CPD Point

• 1/09/2022 - CPD Webinar - Dealing with Regulators

• 30/08/2022 - CPD Webinar - Whose file is this anyway? – A guide to transferring client files

• 25/08/2022 - CPD Webinar - Valuations in Family Law

• 22/06/2022 - Webinar On Demand - Trust Distributions and Section 100A

• 8/04/2022 - Webinar On Demand - Testamentary Trusts 101

• 3/03/2022 - Webinar On Demand - Three Pillars of an Effective Asset Protection Strategy

• 9/12/2021 - Webinar On Demand - Lawyers and Accountants Duties as Executors

• 8/12/2021 - Webinar On Demand - Fixing Family Trust Deeds - Mistakes made pre and post establishing a Trust

• 2/12/2021 - Webinar On Demand - How to assist clients with their debt issues

• 12/08/2021 - Webinar On Demand - Introduction to Family Trusts - the basics

Presenter Tracey Dunn
Associate Director, Tax Services, RSM Australia

Tracey Dunn is as associate director in the Tax Services division of RSM in Perth and has worked in public practice for over 20 years. Tracey’s expertise lies in providing both simple and complex tax advice to high-net-worth individuals, small and medium-sized businesses with multiple structures, and corporate entities. She has significant experience in advising on the application of FBT, Div 7A and trusts. Tracey regularly presents on taxation topics and writes extensively on the interpretation of tax legislation impacting on private groups and small-medium sized businesses. She has been published in a number of publications, including the Australian Financial Review, ABC News, Accountants Daily, Public Accountant magazine and Thompson Reuters’ Weekly Tax Bulletin.