Hot Topics - Tax Technical

 Family Trust Elections

 Tue 14 Feb, 4.00 - 5.30pm AEDT

• What are the advantages and disadvantages of making an FTE?
• How do you go about making a FTE or an IEE?
• What things should you consider when choosing the test individual?

This session contains the answers to all these questions, together with practical case studies to drive it all home.

 Trust Streaming

 Tue 20 Mar, 4.00 - 5.30pm AEDT

Given that the potential to direct particular tax concessions to the beneficiaries which can make the most of them is one of the main reasons discretionary trusts continue to be a popular tax planning vehicle, an understanding of the new trust streaming rules is compulsory for all tax advisers.

This session will not only outline the workings of the new rules, but also include a discussion of some of the practical issues arising from their operation including answers to the following questions:

• How do franking credits flow through a trust?
• How are expenses to be allocated against different types of income?
• What does the trust tax return look like?

 Superannuation: Part 1

 Tue 15 May, 4.00 - 5.30pm AEST

Superannuation is a popular tax planning tool for many reasons - tax concessions available for making contributions, the concessional taxation of earnings and capital gains in the fund (particularly during pension phase), and the significant tax benefits to be obtained when making withdrawals from the fund after 60 years of age.

This session will include a practical and topical discussion of how to make the most of the opportunities which the superannuation rules present, and how to avoid the pitfalls.

 Small Business CGT Concessions

 Tue 17 Jul, 4.00 - 5.30pm AEST

The small business CGT retirement exemption is one of the most commonly accessed of the small business CGT concessions. It allows a capital gain, up to a lifetime limit of $500,000, to be disregarded.

This session provides detailed flowcharts, illustrations, signposts to relevant ATO guidance and more, relevant to applying the small business retirement exemption to individuals and companies and trusts.

 Succession Planning

 Tue 18 Sep, 4.00 - 5.30pm AEST

Planning for succession is a vital, albeit difficult and sensitive, parts of any good business plan. This session looks at the meaning of business succession planning, and what it should seek to achieve, and uses practical case studies to explore issues surrounding:

• the exit of a principal; and
• retention of a business within the family group.

 Superannuation: Part 2

 Tue 20 Nov, 4.00 - 5.30pm AEDT

This session will continue the discussion started in 'Superannuation - Part 1' on how to make the most of the opportunities which the superannuation rules present, and how to avoid the pitfalls, with a focus on practical and topical issues.

Attendance at 'Superannuation - Part 1' is not a pre-requisite.