Trust Series Part 3-Trust losses

For individuals and small businesses, the use of trusts is widespread for a range of reasons. They can be exceptionally advantageous if used correctly, however, they can be complex in their design and burdensome in their obligations. It has long been said that a business structure can only be successful if the key personnel understand it – although unfortunately due to the complexity of trusts in Australia, it could be said that many trust controllers do not truly understand the nuances of the a trust.

To bridge this gap, we are pleased to introduce a comprehensive series led by Joshua Goldsmith, a distinguished expert in tax and legal matters. This four-part series aims to provide an exhaustive exploration of trust essentials, tailored to accommodate both seasoned professionals and newcomers to the realm of tax
ation. Through these instructive sessions, participants will garner the requisite knowledge and insights to navigate the complexities of trusts with informed confidence.

Trust losses and key CGT events impacting trusts

The third webinar in this instructive series is specifically focused on the landscape of trust loss rules. In general, trusts retain revenue and capital losses but may be carried forward utilised in future income years – provided the trust loss rules are satisfied. These rules require different categories of trusts to satisfy one or more tests to claim a deduction for carried forward revenue losses. The first part of this webinar will explain the different trust loss rules, when they may apply and how they can be satisfied to make sure that a trust does not inadvertently forfeit future use of tax losses. It will also cover the impact of family trust elections on the trust loss rules.

The second segment of the webinar shifts its focus to the realm of Capital Gains Tax (CGT) events as they pertain to trusts. The emphasis will be placed on those CGT events that practitioners are most likely to encounter in everyday scenarios. This section aims to provide a robust, practical understanding of how these events impact trust structures, thereby equipping attendees with the requisite knowledge to proficiently navigate these complexities within Australian tax law.

More information:

   5 April 2024 |Friday    Joshua Goldsmith    Slides  
   12:30-1:30pm AEDT    Live webinar    Recording 
   TPB CPD Hours: 1 hour
 Legislated CPD Hours: To be confirmed
   $99 (members) | $132 (non- members)        


View and Register for the full 2024 Trust Series here


Presented by: 
Joshua Goldsmith

Joshua Goldsmith is a senior lawyer specialising in taxation and commercial advisory. Joshua’s experience is broad and diverse including advising family groups, small cap listed and private companies, and high net wealth individuals. Joshua was a finalist in Lawyers Weekly 30 Under 30 awards (for Taxation) in 2021 and a winner of the Australian Lawyer Rising Star award in 2022, acknowledging that he is a rising star in the tax and legal profession. He is a regular presenter and facilitator at tax related seminars and discussion groups, and has appeared on a number of tax related podcasts.

5/04/2024 12:30 PM - 1:30 PM

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