This event was aimed at all practitioners advising clients in the area of trusts and estate & succession planning.
Could the issues associated with the use of trusts for estate & succession planning purposes and the calculation of trust income and net income become any more complex? With almost 600,000 trusts currently lodging income tax returns in Australia, it is essential that practitioners fully understand the benefits for their clients of using trusts and, perhaps even more importantly, the issues associated with determining the net income of a trust for tax purposes.
This event covered the potential benefits of using trusts domiciled in South Australia for estate & succession planning purposes and the uncertainties regarding the calculation of net income and trust income following the Full Federal Court's decision in Cajkusic v FCT.