Your shopping cart is empty
Trusts, Reform and Business Dealing
Published on 22 Oct 1999 | Took place at Legends Hotel, Surfers Paradise, QLD
Session topics are: business dealings; resettlements; Trusts and Division 7A; Ralph proposals; Trusts and the small business rollover and exemption provision; Trust loss provisions.
Get a 20% discount when you buy all the items from this event.
Individual sessions
Business Dealings
Author(s):
Jane MADDEN
The focus of this paper is to revisit the topic of 'Business Dealings' in the context of the Ralph Tax Reform. The emphasis is on resident small business taxpayers. Assets are considered to be post-CGT assets, unless otherwise stated.The discussion generally deals with companies as trusts are dealt with in detail during the remainder of the seminar. When trusts commence to be taxed as companies, similar considerations will apply as set out in this paper.
Materials from this session:
insert_drive_file
Resettlements, Trusts and Division 7A
Author(s):
Mark L ROBERTSON
This paper will be taking a snapshot look at three recent developments in the taxation of trusts: The Commissioner's statement of what is a resettlement of a trust; The application of the deemed dividend provisions (Div. 7A) to trusts and the Commissioner's disturbing approach to interpretation; The requirements imposed on trustees of closely held trusts to disclose Ultimate beneficiaries.
Materials from this session:
insert_drive_file
Trusts and the Ralph Proposals
Author(s):
Kate SWINDON
This paper is concerned with the changes to the taxation of trusts announced by the Federal Government following the release of the Review of Business Taxation A Tax System Redesigned. I have confined my detailed comments to those trusts that will be included in the entity taxation arrangements contained in those proposals. I have made only brief references to the changes applicable to Collective Investment Vehicles (CIVs) as this paper focuses on the changes affecting closely held trusts.
Materials from this session:
insert_drive_file
Small Business Rollover and Exemption Provisions
Author(s):
David RUSSELL
Special provisions for small business taxpayers have been part of the capital gains tax framework since the enactment of the original Part IIIA of the Income Tax Assessment Act 1936 ("the 1936 Act"), which provided in Division 19 for concessional treatment of the proceeds of sale of goodwill. Further roll-over and exemption provisions were enacted in Divisions 17A and 17B of that Part with effect from 1 July 1997, relating respectively to a rollover where small business assets were replaced, and an exemption for proceeds of sale of small business assets applied to retirement benefits.
Materials from this session:
insert_drive_file
The Tax Institute is Australia's leading professional association and educator in tax providing the best resources, professional development and networks.