Special Tax & Superannuation topics 2022-23 - Gaslit: Trust Distributions in 2022
This session is an intensive review of section 100A, including:
- Consideration of the original government intent when section 100A was introduced into Parliament in contrast to the current ATO interpretation of the section;
- Reviewing the ATO media releases in 2014 and 2022, together with other comments between those years, to show the ATO has never really changed its view on section 100A
- Case studies on common discretionary trust scenarios to illustrate potential risks under section 100A and/or Part IVA and those which are relatively risk-free.
Upon successful completion of this subject, participants will:
- Understand the relationship between section 100A, other sections of the ITAA and Part IVA
- Understand the 2022 ATO media release on section 100A in light of previous ATO comments, including the “2014 position” statement.
- Develop a plan for section 100A and Part IVA for 2023 trust distributions and beyond.
This session forms part of the Special Tax & Superannuation Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun. These sessions will:
- Ensure you get the critical knowledge you need while minimising your time out of the office.
- Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
- Help you avoid any possible traps and pitfalls
- Give you answers to the questions most relevant to you.
Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.
Continuing Professional Development Hours
The content covered in this topic should constitute verifiable CPD for CA ANZ, has been assessed for ASIC and FASEA CPD and also meets the Tax Practitioners Board's CPE requirements. The expected CPD hours to be allocated are as follows:
|
PER SESSION |
CA ANZ | Up to 1.5 CPD hours |
Legislated CPD (FASEA) | Up to 1.5 hours (General) |
ASIC | Up to 1.5 hours (General) |
Tax Practitioners Board | Up to 1.5 CPD hours |
Looking for more? Our Essential Tax & Superannuation Updates perfectly complement these special topic sessions
ATSTAX
This seriesis presented by our Senior Tax & Superannuation trainers:
Peter McGinty, Senior Tax and Superannuation Trainer, CA ANZ
Peter has degrees in commerce and law from the University of Melbourne. He has more than 30 years’ experience in a chartered practice that focused on tax issues affecting family businesses, small and medium enterprises and high net worth individuals. Peter is an experienced tax trainer and is well regarded for his practical approach to staff training.
Bruce Thomas, Senior Tax and Superannuation Trainer, CA ANZ
Bruce Thomas Senior Tax and Superannuation Trainer Bruce has written and presented training on a wide range of topics, including the tax aspects of real estate transactions, fringe benefits tax (FBT) and salary packaging. Bruce was previously a tax manager with William Buck Chartered Accountants where he advised clients on the application of the goods and services tax, FBT and other government charges. He worked for the Australian Taxation Office for 17 years, including as a senior officer dealing with technical issues involving the GST.
EVENT DETAILS
Topic: Tax
Sub-Topic: Income Tax
Format: Recorded Webinar
Proficiency Level: Intermediate, Advanced
CPD: Upto 1.5 hours