This webinar presented by partner Fletch Heinemann is designed to identify the specific risks we have seen in practice, how the ATO has raised assessments and the steps that advisers can take to manage those risks.
[Running time: 1 hr 25 mins]
The ATO is sharpening its focus on audits of trusts. This webinar is designed to identify the specific risks we have seen in practice, how the ATO has raised assessments and the steps that advisers can take to manage those risks.
One recent theme is the ATO applying old, specific anti-avoidance provisions like sections 99B and 100A to circumstances that many advisers might consider either did not apply or were within the scope of effective tax planning. Another theme is advisers inheriting risks when taking on new clients.
In this webinar, we share experiences of ATO audit activity and options to reduce those risks. After the webinar, you will be able to identify:
- when distributions of capital from trusts cause problems under section 99B – and some options to reduce that risk
- how to help clients who become residents of Australia reduce the risk of section 99B applying
- when distributions of income from trusts to entities on lower tax rates can result in ‘reimbursement agreements’ under section 100A
- when distributions to complying superannuation funds result in non-arm’s length income
- other issues that are on the ATO’s hit-list for trusts
- how to manage a problem in the client’s best interests once it has been identified.
Who will benefit from this webinar?
This webinar is highly recommended for:
- financial planners
- other professional advisers who are assisting clients with taxation matters.