This course will focus in detail on a number of highly important Australian tax issues that Kiwi families should understand when seeking to pass wealth to children or relatives who have moved to Australia. |
Topics covered will include: - Individual residency issues of recipient in Australia:
- Resident or temporary resident
- Treatment of inheritances / gifts:
- Foreign estates as trusts and tax credits
- Acquisition of assets and CGT treatment
- Benefits of testamentary trusts in wills and treatment of minors.
- Passing control of companies
- Residency issues re management and control
- CFC rules and attributed historical and future profits
- Passing control of trusts and potential Australian tax implications of:
- Who are trustees and change of trust residency
- Accessing funds (capital or accumulated income) re s99B
- Estate planning re transfer of trust assets
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Upon satisfactory completion of this course, you will be able to: - articulate the broad Australian tax implications of gifting versus passing property via will to Australian children or relatives
- appreciate the implications of control of Kiwi trusts or companies passing to an Australian child or relative
- articulate the potential breath of “section 99B” on Australian receiving distributions from Kiwi trusts.
- discuss the potential implications on accessing profits from foreign companies
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This course will be suited to: - accountants, tax advisers, lawyers
- individuals considering working or investing in Australia
- business entities considering expanding into Australia.
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Duration: 1.00 CPD hours (approx. 55 mins content + 5 mins Q&A) |
PRESENTER Mark Reynolds, Partner – Tax Advisory, Findex/Crowe
Mark is a Chartered Tax Advisor and member of the Tax Institute of Australia. He provides tax and structuring advice to clients all over Australia and overseas. His clients are a range from individuals to, small to medium corporates, and not for profits.
Mark has broad Australian tax law knowledge while specialising in the areas of private company and trust taxation, as well as indirect taxes of GST, FBT and Super. |
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