This on-demand session is available to watch instantly after purchase at the time of your choosing and will expire within 12 Months of purchase.
Date recorded: February 2024
Join Mark Morris as he explores specific CGT events impacting trusts .
Understanding specific CGT events impacting trusts’ is a practically oriented session that will focus on the application of the 10 specific CGT events that apply to trusts being CGT events E1 to E10. This session will explain when these CGT events occur, illustrate their application using real-life case studies and highlight tax strategies that can be applied to ultimately optimise outcomes for business owners.
Benefits & Learning Outcomes:
- Identify when each of the CGT events impacting trusts may occur and understand the various exemptions or limitations of each of these CGT events.
- Determine the tax consequences for trustees and beneficiaries where each of the CGT events D1 to E10 is triggered and identify potential planning opportunities including the availability of any CGT concessions to reduce their impact.
Recommended for:
Public practitioners and their staff who advise trusts need to be aware of all the 10 CGT events which specifically apply to trusts, the circumstances in which such CGT events will be triggered, and their potential consequences for both trustees and beneficiaries. The session will illustrate the application of each of these concessions through the use of practical case studies which SME tax advisers may typically encounter in servicing their clients as well as identifying any strategies which can be implemented to mitigate their impact.
Meet your speaker, Mark Morris
Mark is a Director of TaxKnowHow which provides customised and tailored tax training to small to medium-size accounting firms and sole practitioners across a broad range tax matters including capital gains tax, trust taxation and Division 7A, employment taxes and succession planning. He has over 39 years’ experience in the tax profession having held senior roles in chartered accounting, commerce and academia. He is also a member of the NTLG FBT Working Group and is a regular speaker and author on tax matters.
