21 Death of a Trust - Key Tax Consequences (Webinar Recording)

Prices NZD & excl. GST - Broadcast Date: 11 February 2021

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Product Description

The landscape in relation to family trusts has changed significantly in recent years.  Many are currently considering whether to continue with a trust under the Trusts Act 2019.  This webinar will address the key tax consequences that can arise upon the winding up of a trust either at the end of the trust generally or earlier at the discretion of trustees.


Topics covered will include:

  • Income tax consequences of the distribution of cash or assets from a trust on winding up
  • GST considerations for asset distributions
  • Potential trustee liability for trust tax debts
  • Tax issues on trust resettlement
  • Shareholder continuity
  • Tax related issues for deceased estates

 

Upon satisfactory completion of this activity you will be able to:

  • Identify the key income tax and GST issues arising from the winding up of a trust
  • Ensure that, where possible, the distribution of cash or assets from a trust on winding up is affected in a tax efficient manner

Total CPD Hour: 1 (incl. 15 min. Q&A)


Suited to:

  • Accountants and lawyers of all levels that regularly advise clients on trust matters
  • Other professional advisors involved in the administration of trusts
  • Trustees or directors of trustee companies

PRESENTER


Greg Neill, Partner - Tax Advisory, Findex


Greg has a legal background and has previously worked in large law firms in New Zealand and the UK.  He provides advice on the full spectrum of tax matters, ranging from individual issues through to complex corporate or financing transactions.  Greg has advised both local and offshore clients regarding their trust arrangements and the tax implications, including the establishment and winding up of trusts and transactional matters.