Since the changes to allow a trustee or an interposed entity to "back-date" their election to become a family trust or part of a family group, the way you approach the issue with a client has changed. The question is no longer, should we make an election and so make losses available into the future? The question is now more likely to be, if we do not make the election now can we make it at a later time if we need to? This presentation covers:
- an overview of the trust loss measures
- when you need to consider the rules
- what you need to discuss with a client concerning trust losses.