Duty exemptions when transferring real estate from a trust
In this session, Rachel O'Donnell, tax law specialist, will take you through some of the complexities and the most common mistakes LPLC sees in practice, with a particular focus on distributions from discretionary trusts and transfers of family farms to relatives.
Description
Claiming a duty exemption for the transfer of real estate from a trust to a beneficiary may seem simple however, the case law indicates an exemption can be fraught with complexities and risks to practitioners. Missing a crucial requirement can trigger unexpected duty liabilities.
In this session tax law specialist, Rachel O’Donnell, will take you through some of the complexities and the most common mistakes LPLC sees in practice, with a particular focus on distributions from discretionary trusts and transfers of family farms to relatives.
With reference to some common scenarios, the session will assist your understanding of the law, help you identify risk issues and give you some practical tips you can apply when doing this work.
About the speaker:
Rachel O’Donnell of O'Donnell Tax Law, specialises in duties and land tax across all Australian states and territories, new state property taxes (such as the Victorian windfall gains tax and commercial and industrial property tax) and GST. Rachel has significant experience advising large listed and unlisted corporates, high net worth individuals and small to medium enterprises. With 20 years of experience advising on tax law, she has a broad range and depth of experience and is very familiar with the operation and technicalities of the GST and various state and territory tax regimes, which are constantly evolving. Rachel’s clients have included major international and national companies / trusts / groups in the property development, property funds management, infrastructure, superannuation, and retirement living / aged care industries, as well as high net wealth family groups.
Live online, Wednesday 19 February
Presented by Rachel O'Donnell, of O'Donnell Tax Law
1 CPD - Substantive Law
*** Please note: this webinar will be recorded and available on LPLC's website for later viewing.
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