Trust Integrity Provisions: Practical Application of Specific Provisions
Issues covered include: trust integrity provisions, reimbursement arrangements, unpaid present entitlements, trust loss rules, circular trust distributions
Description
Certain trust provisions can be difficult to apply, and in some cases, multiple provisions can apply to the same matter. 100A and Division 7A bring up complex issues around reimbursement arrangements, unpaid present entitlements, trust loss rules and circular trust distributions. Take this opportunity to explore their practical application with case study examples.
Attend and earn 1 CPD point in Technical Competence
Trust Integrity Provisions: Practical Application of Specific Provisions
Through case study examples, explore:
- Reimbursement arrangements covered by section 100A of the ITAA 1936
- Unpaid present entitlements as dealt with under Division 7A of the ITAA 1936
- Trust loss rules in Schedule 2F of the ITAA 1936 (specifically the income injection test)
- Circular trust distributions covered by Division 6D of the ITAA 1936
Presented by Jonathan Ortner, Partner and Kaitlin Lowdon, Senior Associate, Arnold Bloch Leibler
Presenters
Jonathan Ortner is a partner in the firm’s taxation group and practices in all areas of direct and indirect tax with a particular focus on the taxation of trusts and corporate income tax and mergers and acquisitions. Jonathan has also advised extensively on cross-border taxation issues; employment taxes, including the tax treatment of employee share schemes, termination payments and fringe benefits; and the GST implications of transactions and dealings in the development of property. Using his technical tax knowledge, Jonathan works with clients to obtain commercial and practical outcomes. He has particular experience in dealing with the Australian Taxation Office on complex tax issues in a dispute resolution context. Jonathan is a keen and active member of the tax community. As well as presenting on tax topics at various sessions and authoring a number of published articles, papers and bulletins, Jonathan is an active member of the Tax Institute’s GST and SME committees. In 2017, Jonathan won 'Emerging Tax Star' in the Tax Institute's "Tax Adviser of the Year" Awards and was a finalist in the 2018 Lawyers Weekly “30 Under 30 Awards” in the Tax category.
Kaitilin Lowdon is a Melbourne based Senior Associate in Arnold Bloch Leibler's taxation practice. She advises a range of high net wealth individuals, some of Australia's largest family groups and their associated businesses on a range of taxation planning, structuring and litigation matters, with extensive experience dealing with the ATO and resolving disputes. Kaitilin is a frequent guest speaker at seminars for tax professionals and in-house tax seminars for clients and accounting firms and is the co-author of a number of tax related articles and publications. She has been recommended for tax law by independent legal guide, Legal 500 Asia Pacific and was a finalist for "SME Tax Adviser of the Year" in the 2017 Tax Institute Awards. Kaitilin is currently undertaking a Master of Laws at The University of Melbourne, specialising in taxation law.