Family Trust Elections: When Are They Necessary?
Understanding when a family trust election is required can be complex. Franked dividends, trust losses, owning shares in a company with losses, or accessing the small business restructure rollover can all be viable reasons to make an FTE. The election comes with serious potential pitfalls, however, so it’s important to clarify your knowledge on when it is appropriate.
Description
Attend and earn 1 CPD hour
FASEA CPD Categories
Estimated 1 CPD hour in Technical Competence
Family Trust Elections: When Is It Necessary?
- Trust loss tests
- Franking credits
- Bad debt deductions
- Using family trust elections and entity elections
Presented by Elizabeth McNamara, Director, PwC
Learning Objectives:
- Know when to make a family trust election and why
- Examine the complexities around different scenarios that benefit from making an FTE
- Be aware of FTE pitfalls and when it is not appropriate to make an FTE
Presenters
Elizabeth joined PwC in 2007 and has spent the past 13 years advising large and complex privately owned groups. Her experience relates to advising closely held corporate groups and their owners across many industries including construction, property development, agriculture, travel & tourism. Elizabeth has provided advice on entity acquisitions/disposals, group restructures, family succession planning, acquisitions and practice structuring of privately owned businesses for growth and exit events. Elizabeth has a special interest in working for private groups with philanthropic objectives and not-for-profit entities.