Topics covered in this paper include:
- what is the current status of the Service Trusts Ruling and Guide?
- do I need to wind up my service trust arrangement?
- if so, how do I do it and what are the capital gain tax and income tax implications?
- how would I deal with work in progress and depreciating assets?
- what are the stamp duty implications?
- do I need to make GST adjustments?
- are there payroll tax issues?