24 Succession Planning/Children In Australia - Mitigating the Risks (Webinar Recording)

excl. GST - Broadcast Date: 7 February 2024

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Product Description

For many families, succession planning for family investments is an important step in creating and maintaining intergenerational assets/wealth. However, where children have chosen to reside offshore, the consequences can be costly.

As our nearest neighbour, Australia is a common destination for younger generations. As Australia has a different tax system, taxing capital gains and trusts differently to New Zealand, the tax implications for the wider family group can reduce the wealth being transferred.

As such, it is critical to understand the impact of these rules prior to implementing a succession plan. This course will work through the tax issues arising in these situations from an NZ perspective and outline the key areas to be considered in planning for succession.

Upon satisfactory completion of this activity, you will be able to:                                         
• Get a better understanding of the potential risks when family move to Australia                                 
• Understand the potential alternative strategies to manage the risks                                                                                    
• Understand the impact to trusts on beneficiaries residing in Australia                                                                                

Total of CPD Hours: 1.25 (1 Hour 15 min)


This course will be suited to:                                                          
Middle to senior accountants or anyone advising clients with relatives in Australia or looking to reside in Australia.    

PRESENTER:                                                               

Jarod Chisholm, Managing Partner (NZ) Tax Advisory, Findex/Crowe

Jarod is the New Zealand Managing Partner of Tax Advisory for Findex/Crowe based in Dunedin and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.
Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.