2024 Trust Series- 4 Parts

2024 Trust Series- 4 Parts

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 taxation. Through these instructive sessions, participants will garner the requisite knowledge and insights to navigate the complexities of trusts with informed confidence.


8 March 2024
Fundamentals of trusts in Australia

The inaugural webinar in this enlightening series serves as a comprehensive introduction to the core tenets underpinning the concept of trusts– for example, why they exist, types of trusts, advantages and disadvantages, essential principles, key roles and characteristics of a trust. Intended to establish a robust foundation for subsequent sessions in the series, this initial webinar aims to not only enlighten those who are relatively new to the subject matter but also offer seasoned practitioners timely and crucial refreshers on indispensable trust concepts.

22 March 2024
How trusts are taxed in Australia

The second webinar of the series will cover the tax impact of the three types of income: capital gains, franked distributions (and franking credits) and any other net income (which is assessable to the trustee unless included in the assessable income of a beneficiary). Given the complexity and intricate nuances that typify taxation principles related to trusts in Australia, this session is meticulously designed to distil these complexities into essential, easily understandable components. The objective is to equip participants with the critical knowledge required to manage and optimise the taxation aspects of trusts and their respective income streams within the Australian fiscal landscape.


5 April 2024
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.


19 April 2024
The integrity and anti-avoidance rules applicable to trusts

The fourth and concluding instalment of this enlightening series is designed to tackle the increasingly salient subject of anti-avoidance provisions as they apply to trusts. This will include a discussion around Section 100A – the law as it stands, the ATO’s view of the law, and what it means for you in practice. There is no doubt that the ATO has put a target on trust arrangements but that is not to suggest that they cannot still be used effectively. There are a number of lesser known (but equally relevant) anti-avoidance provisions, as well as the general anti-avoidance provision in Part IVA, that can apply unfavourably to trusts. The aim of this final session is to provide a well-rounded perspective on anti-avoidance mechanisms, empowering participants to navigate these regulatory intricacies with informed caution and strategic finesse within the context of Australian tax law.


Key Learning Objectives:

  1. Fundamental Trust Concepts: Gain an in-depth understanding of the essential principles and mechanics underpinning trusts, including their varied types and inherent advantages and disadvantages.
  2. Taxation Implications: Acquire comprehensive knowledge of the tax impact of different types of trust income, including capital gains, franked distributions, and other forms of net income.
  3. Trust Loss Rules: Master the intricate regulations surrounding the carrying forward of capital and revenue losses in trusts, as well as the tests required to claim such deductions.
  4. Anti-Avoidance Provisions: Develop a keen understanding of Section 100A and other anti-avoidance provisions, including the general anti-avoidance rule in Part IVA, that have implications for trusts.
  5. Practical Application: Learn how to apply these principles effectively in real-world scenarios, including best practices for compliance and maximising the benefits of trust structures.
  6. Regulatory Landscape: Gain a comprehensive overview of the Australian Taxation Office’s perspective on trusts, thereby equipping you to better navigate regulatory scrutiny.
  7. Latest Trends and Developments: Stay updated with the most recent changes in laws and regulations affecting trusts in Australia.

Who should attend?

  • Accountants and Tax Consultants
  • Financial Advisors and Planners
  • Auditors
  • Legal Professionals

Why This is a Must-Attend:

Attending this webinar series is imperative for professionals navigating the multifaceted terrain of trusts and taxation within the Australian context. Presented by Joshua Goldsmith, an eminent tax and legal expert, the series provides a holistic, 360-degree exploration of trusts, blending theoretical rigour with actionable insights for immediate application in professional settings. Its curriculum has been crafted to suit both newcomers and experts, offering invaluable learning outcomes for a broad audience. Amid increasing scrutiny from the Australian Taxation Office, the webinar series serves as a timely resource for compliance and optimal planning. Beyond the wealth of knowledge, attendees will  gain access to invaluable reference materials, and are eligible for Continuing Professional Education (CPE) points per session. Given these learning objectives and benefits, this webinar series represents a comprehensive, timely, and highly valuable educational opportunity for professionals engaged in the complexities of trusts and taxation in Australia.

More information:

   8 March | 22 March | 5 April | 19 April | 2024    Joshua Goldsmith    Slides
   12:30-1:30pm AEDT    Live webinar    Recording
   TPB CPD Hours: 4 hours
 Legislated CPD Hours: To be confirmed at each part
   All Parts $350 (members) | $500 (non- members)
Individual Parts $99 (members) | $132 (non- members)


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.


Series Passes

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Non Member- Trust Series All Parts
$ 500.00 Excl. GST
Member- Trust Series All Parts
$ 350.00 Excl. GST