Service entities - where to now? presentation

Published on 15 Oct 06 by TASMANIAN DIVISION, THE TAX INSTITUTE

Service trusts have been a significant structuring arrangement for both practitioners and their clients for many years. This presentation puts into perspective practical implications of the recent ATO ruling TR 2006/2 and will address the following:

• service trusts
• who should and shouldn’t have them?
• are there still benefits in using them?
• use of ATO safe harbour provisions - what you need to know
• reviewing/implementing service trust agreements
• traps in exiting service trust arrangements
• CGT consequences
• stamp duty issues
• checklist for action pre 30 April 2007.

Author profile

Jerome Tse CTA-Life

Jerome Tse, CTA is a Partner at King & Wood Mallesons, specialising in taxation disputes and litigation. Jerome is also the firm’s global transfer pricing coordinator. Jerome is an experienced tax practitioner and has been involved in a number of Australia’s recent high profile tax cases. Jerome was the 2022 Tax Institute President. - Current at 09 August 2023

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