TRUST ESSENTIALS ESTATE PLANNING FRINGE BENEFIT TAX

Transcription

1 FEBRUARY CPD PROGRAM TRUST ESSENTIALS ESTATE PLANNING FRINGE BENEFIT TAX PERTH FEBRUARY 2017 PARMELIA HILTON Excellent standard of presenters Different perspective from other tax/accounting seminars Great cross section of presenters Very positive a valuable day thank you Fantastic. Very relevant topics that are covered rarely elsewhere - Testimonials from 2016 Trust Essentials and Estate Planning delegates ATTEND AND CLAIM UP TO 20 CPD/CPE SAVE WITH EARLY BIRD PRICES! REGISTER & PAY BY 23 DECEMBER 2016 RECEIVE 5 FREE PAST SEMINAR PAPERS WHEN YOU BOOK ALL 3 DAYS

2 TRUST ESSENTIALS CONFERENCE WEDNESDAY, 15 FEBRUARY AM TO 5.15PM $ W01A Navigating the complexities of trusts is about more than just tax savings and asset protection it s also about risk. You won t gain the real world knowledge you need to avoid tax traps and legal pitfalls by listening to trainers who aren t down in the trenches right alongside you. Stay on top of the latest strategies and developments with practical, hands-on insights and guidance from accounting and legal specialists who get their hands dirty working with trusts every day. 9.00am Welcoming Comments from the Chair Loreena Gillon, Principal, Loreena Gillon Chartered Accountant TRUST DISTRIBUTIONS AND TAX COMPLIANCE 9.05am Trust Distributions: The What, How, Who, Why and When Distributing different classes and types of income and capital Tax effective distributions: the deed, mechanics, trust resolutions, determinations, and if they will withstand ATO scrutiny and amendments Tax consequences of distributions to non-residents or children and introducing new or corporate beneficiaries Is there a Part IVA risk? Is there a risk of section 100A applying (trust reimbursement arrangements)? Distributions from unrealised asset reserves, issues with later streaming capital gains, when a UPE is no longer a UPE and sub-trust arrangements coming to an end Presented by Tom Hodgkins, Partner, Deloitte Private 10.00am Unpaid Present Entitlements: Not Just About Division 7A Implications from the 2016/17 Federal Budget - Simplification of Division 7A - New safe harbour rules - Amendments subject to the outcomes of consultation When are UPEs applicable and what should you focus your attention on? Consequences from common mistakes and how to avoid them Scenarios and examples from real life Presented by Jonathan Willoughby, Partner - Tax, KPMG 11.00am Morning Tea CONTEMPORARY TRUST STRATEGIES 11.15am Including a Trust in Business Restructuring New rules for small business entity restructures Restructure of assets or business from or to a discretionary trust - Why and when to consider - Trust vs company structure: what is better? Consequences - Tax impact on trading stock, plant and equipment and patents - CGT rollovers available for CGT assets - Duty implications Presented by Mark Pollock, Partner Tax, BDO 12.15pm Trusts and Property Investment Unit trusts, discretionary (family) trusts, hybrid trusts and real estate investment trusts (REITS) Pros and cons of different trust structures and issues for investors Income Tax, GST and duty considerations Bare trusts Non-resident beneficiaries Recent tax law developments: the foreign resident capital gains withholding payment regime Presented by David Costanzo, Director, Moore Stephens 1.15pm Networking Lunch ATTEND AND EARN THE LEGAL PERSPECTIVE 2.00pm Centrelink, Department of Veterans Affairs and Discretionary Trusts How Centrelink/ DVA assesses beneficiaries or appointors under the income and assets tests Risks from following the Centrelink/ DVA advice to just do a letter of resignation Remedial action required under trust law to ensure the trust can still operate effectively Guiding clients (or their parents) through the maze Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation Law & Business Law (QLD); Chartered Tax advisor 3.00pm Trust Disputes: What Could Possibly Go Wrong? Common disputes arising from trust: core conflicts and implications The intricacies of family trusts and how they are treated in family law matters - How can the existence of a family trust cause difficulties in family law property disputes? When does the Family Court dip into family trusts? Nine secret trusts every accountant and advisor must know to avoid disputes Presented by Professor Brett Davies, Partner, Legal Consolidated Barristers & Solicitors 4.00pm Afternoon Tea ASK THE LAWYERS 4.15pm Panel Discussion and Q & A Bring any questions you may have, including on topics such as: When should you not use a discretionary trust? Drafting and varying trust deeds Defining the beneficiary class Business structures, legal risks and audits Situations where you cannot recoup tax losses Loss of capacity and removing a trustee Legal issues: UPEs and reimbursement agreements Streaming in light of recent court decisions Panellists: Professor Brett Davies, Partner, Legal Consolidated Barristers & Solicitors Richard Norton, Executive Director, Special Counsel, EY Law GiGi Visscher, Barrister, Francis Burt Chambers 5.15pm Closing Comments from the Chair 7 CPD/CPE

3 ESTATE PLANNING CONFERENCE THURSDAY, 16 FEBRUARY AM TO 5.15PM $ W01B To give the best advice possible to your clients and keep them coming back year after year it s essential that you not only have a thorough understanding of the latest developments in estate planning but also estate law. Master the ins and outs of both areas through practical presentations from expert accountants and lawyers working at the coalface who deal with these issues day in and day out, in the office and in the courtroom. These specialists will let you in on their secrets and strategies to manage your clients estates in a correct, efficient, and lucrative way. 9.00am Welcoming Comments from the Chair Elizabeth Heenan, Special Counsel, Culshaw Miller Lawyers ESTATE PLANNING: NOT JUST FOR LAWYERS 9.05am Wills: What Accountants and Financial Planners Absolutely Must Know What involvement should you have in the estate planning process? How can you become the centre of the universe? Who is, or will be, your client? When and how often should you check your client s will? Understanding the limits to clients being able to rule from the grave Surviving spouses and family conflicts How can a will-maker protect their beneficiary s inheritances from failed relationship claims? The power and use of an enduring Power of Attorney. What makes up the dream team for absolute client protection? Presented by Professor Brett Davies, Partner, Legal Consolidated Barristers and Solicitors 10.00am Non-Resident Estate Beneficiaries Estate planning for Australian residents with non-resident beneficiaries Australia s ability to tax foreign residents: Taxable Australian Property (TAP); residence and source; Double Tax Agreements (DTAs) CGT implications of bequeathing TAP and non-tap assets to non-residents Resident jurisdiction issues Timing and payment of tax Long tail issues involving testamentary trusts Presented by Antony Barrier, Senior Associate, Munro Doig 11.00am Morning Tea ESTATE PLANNING STRUCTURES: GET IT RIGHT OR PAY THE PRICE 11.15am Innovative Solutions to Problems with Trusts Despite the best planning, the operation and administration of any family or testamentary trust can run into difficulties (both foreseeable and unexpected). This session will explore: Strategies for when trustees or appointors are unable to act Is it possible to feed or top-up a testamentary trust? Modern families: distributing to beneficiaries who are not blood relations Measures to prevent or efficiently resolve disputes Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation Law & Business Law (QLD); Chartered Tax Advisor ATTEND AND EARN 12.15pm Getting the Most out of Superannuation Superannuation benefits after death: key considerations and avoiding risk Maximising your clients superannuation savings and avoiding the death tax Tools for paying superannuation to desired beneficiaries Implications from the 2016/17 Federal Budget Presented by Simon Gow, Senior Manager, Private Advisory, Grant Thornton 1.15pm Networking Lunch ACCUMULATED WEALTH: DON T BLOW IT 2.00pm Real Property in Estate Planning What do you need to consider for property transferring into the estate? Transfer duty/ land tax/ title/ etc Testamentary trusts; acquisitions and gearing Transfers from: deceased to LPR; LPR to beneficiaries; and testamentary trustee to beneficiaries Different strategies for rental properties and family homes Presumptions as to the nature of tenancies and life tenancies Property held under trust and superannuation structures Deeds of Family Arrangement Transfers between spouses and dealing with second marriages Presented by Colin Munro, Director, Munro Doig 3.00pm Insurance and Estates: Ensuring the Optimal Outcome Options to consider in estate planning Tax implications of insurance and the estate Circumstances that cause insurance to be included in the decedent s estate Ownership considerations and implications Practical suggestions based on different scenarios Presented by David Harvie, Private Client Advisor, Shadforth Financial Group Limited 4.00pm Afternoon Tea 4.15pm Passing Investment Assets and Businesses to the Next Generation Passing control of assets held within trusts and private company structures to the next generation Tax consequences of passing on trust assets: before and after your client dies Practical examples and case studies Presented by Joshua Haque, Senior Manager, Pitcher Partners 5.15pm Closing Comments from the Chair 7 CPD/CPE

4 FRINGE BENEFIT TAX CONFERENCE FRIDAY, 17 FEBRUARY AM TO 4.15PM $ W01C The vast range of benefits and incentives offered by employers today is more complex than ever, and so too are the associated tax ramifications. Do you know what benefits are subject to tax? Can you navigate the often byzantine labyrinth of calculations to calculate the tax payable for each category of benefits? Are you on top of every clever and innovative way to save your clients a significant chunk of change through a rock solid FBT plan? This one-day masterclass in FBT will provide you with knowledge and skills to expertly manage FBT issues for your clients through in-depth presentations and a practical, hands-on interactive workshop. 9.00am Welcoming Comments from the Chair Joanne Thiel, Senior Manager, PwC FBT INTERACTIVE WORKSHOP An interactive and in-depth FBT workshop that will cover all the essential updates in the most significant FBT categories, followed by practical case studies, examples and exercises that will help you better understand the rules and their application in practice. Stay on top of the latest updates and developments in key FBT areas that you need to know in your day-to-day work, including: Car FBT Car Parking FBT Living-Away-From-Home Allowance FBT Housing FBT Meal Entertainment FBT Property FBT Expense Payment FBT Work through practical, real-world examples in each of the above areas to gain a mastery of issues such as: Eligibility criteria Updates: rates and rules Exemptions and concessions Interactions with GST and income tax Calculations Presented by Andrew Larmour, Senior Tax Manager, KPMG 12.15pm Networking Lunch NO TIME TO ATTEND FACE TO FACE OR CAN T TRAVEL TO THE CBD? CHOOSE OUR LIVE WEB SEMINAR OR SEMINAR RECORDING OPTIONS! FBT MASTERCLASS 1.00pm FBT Planning Strategies Exploring valuation methodologies and exemptions Improving processes - Use of electronic record keeping - Use of data analytics Common oversights and complex areas - Flights, meals and accommodation benefits provided to mobile employees - Insurance - Education costs and course fees Presented by Daniel Hodgson, Tax Partner, KPMG 2.00pm Effective Salary Packaging Analysis and practical guidance regarding setting up effective salary packaging for employees including: The requirements for an effective salary sacrifice arrangement The salary packaging options that employers typically offer Tax Implications of some of the more commonly packaged fringe benefits Reporting salary sacrificed amounts on employee payment summaries Exempt employers and rebatable employers Presented by Justin Smith, Director, PwC 3.00pm Afternoon Tea 3.15pm FBT and Not-for-Profit Organisations Determining if a worker is an employee, volunteer or independent contractor FBT exempt and FBT rebateable employers How do the concessions work? Exclusions from capping measures Tax Exempt Body Entertainment Presented by Dee-May Ong, Senior Manager People Advisory Services and Bryan Cooke, Employment Taxation and Remuneration Specialist, EY 4.15pm Closing Comments from the Chair ATTEND AND EARN 6 CPD/CPE

5 2 ND ANNUAL TAX ESSENTIALS CONFERENCE 2016 Obtain a fresh perspective from the best tax professionals working at the industry coalface and specialising in a particular area of tax as they guide you through everything you need to know in advising your clients in the year to come. You will be given a comprehensive 12 month overview of the major tax changes and issues affecting individuals and businesses. 2 ND ANNUAL SUPERANNUATION ESSENTIALS CONFERENCE 2016 A Recipe for Disaster: Start with an ever-growing SMSF industry. Add in significant shakeups from the federal budget. Mix in some critical case law and updates from the ATO. Toss in a heaping helping of increased competition amongst accountants in a crowded market. What are you left with? A situation where if you don t keep up with all these changes and developments you ll quickly be left behind Buy the video recording + receive all the written materials as a bonus! Registration Form/Tax Invoice Conference registration Price Payment Details: All registrations must be paid in full prior to the date of the event. All prices include GST and P&H. This document will be a tax invoice for GST when fully completed and you make a payment that is under $1000. Please take a photocopy for your records. 2nd Annual Tax Essentials Conference 2016 $1150 OND166Q01 2nd Annual Superannuation Essentials $1150 Conference 2016 OND1610Q01 By Electronic Funds Transfer: For EFT payment please call accounts on (02) for details. Please your remittance advice to accounts@legalwiseseminars.com.au. By Credit Card Charge $ to my MasterCard Visa AMEX Card Number Title First name Last name Job title Organisation Address Expriy Date Security Number Card holder s name: Card holder s signature: CVV number for Amex is 4 digits on the front of the card. All other cards last 3 digits on back By Cheque: Please fi nd enclosed a cheque for $ made payable to Legalwise Seminars Pty Ltd ABN ACN City State Postcode DX Ph Fax Mob *FOR FULL TERMS AND CONDITIONS please visit CANCELLATIONS: You may nominate a replacement delegate to attend in your stead at any time. If you notify us prior to receiving the link to the recording, you may choose to: i. Obtain a credit for future use (valid for 24 months and cannot be exchanged for a refund) ii. Transfer to another seminar/ conference and/or to any format. All notifications should be forwarded to info@legalwiseseminars.com.au. PRIVACY: Legalwise Seminars Pty Ltd protects the privacy and security of information provided by you. By completing this form, you agree to the use of your personal information by Legalwise Seminars Pty Ltd. to process your registration or enquiry, to contact you about products, services and events, and for internal purposes. A list providing only the delegates name, job title and company are provided to all presenters prior to the event. You may request to gain access to any of your personal information that we have collected. Please tick this box [ ] if you do not wish to receive direct marketing material by mail. Please tick this box [ ] if you do not wish to receive direct marketing material by . For our full privacy policy please visit

6 REGISTRATION FORM / TAX INVOICE Date: February WAYSTO REGISTER Venue:ParmeliaHilton,14MillStreet,Perth TELEPHONE info@legalwiseseminars.com.au FACSIMILE WEBlegalwiseseminars.com.au HURRY! Registration Fee Code Early Bird Price* Standard Price Day 1: Trusts Essentials 172W01A $495 $595 Day 2: Estate Planning 172W01B $495 $595 Day 3: Fringe Benefit Tax 172W01C $495 $595 3 Day Conference 172W01 $1,295 $1,495 SPECIAL OFFER! Choose any 2 days & SAVE up to $100 Code Early Bird Price* Std. Price Combo Ticket 172W01 $950 $1,150 Choose 2 of the 3 Below: MAIL: PO Box 971 Bondi Junction NSW 1355 Day 1: Trusts Essentials 172W01A $495 $595 EARLYBIRDDEADLINEENDS 23 DECEMBER 2016! Face-To- Face Face-To- Face Seminar Recording Seminar Recording Live Web Live Web CHOOSEYOURFREEPAPERS Listedbelowareasampleofourcomplimentaryseminarpapers. Whenyouregisterforthefull3dayconferencepleaseindicate which5complimentaryseminarpapersyouwouldliketoreceive. Foramorecomprehensivelistofourseminarpaperspleasevisit our website: PAYMENT All prices include GST. This document will be a tax invoiceforgst whenfullycompletedandyoumakeapaymentthatisunder $1000. Please take a copy for your records. All registrations must be paid in full prior to the date of the event. BY EFT Legalwise Seminars Pty Ltd BSB: Account no: Please your remittance advice to accounts@legalwiseseminars.com.au BY CHEQUE Please find enclosed a cheque for $ made payable to Legalwise Seminars Pty Ltd ABN ACN BY CREDIT CARD Charge $ to my Mastercard Visa Amex Card Number Expiry Date CVV Security Number for AMEX is 4 digits on front of the card. All other cards last 3 digits on back of the card. Card Holders Name Signature 166W07 Family Law: Key Financial Issues (WA, June 2016) 163W01WillsandEstatePlanningandAdministration (WA, March 2016) 163W02 Estate Disputes (WA, March 2016) 159W04FamilyLaw:ComplexPropertyMatters (WA, Sept 2015) 153W26BankruptcyandInsolvency:StayingUpdated and Getting the Details Right (WA, March 2015) 149W01 Family Law: Financial and Tax Issues (WA, September 2014) 153W01 Wills and Estates Conference - Perth (WA, March 2015) 143W25 Business Sale Transactions: Advanced Practice (WA, March 2014) 143W18 Trusts and Deeds: Avoiding the Pitfalls (WA, March 2014) / / Day 2: Estate Planning 172W01B $495 $595 Day 3: Fringe Benefit Tax 172W01C $495 $595 DELEGATE 1 DETAILS Title First Name Last Name Job Title Organisation Postal Address Suburb State Postcode DX Phone Special Dietary Requirements DELEGATE 2 DETAILS Title First Name Last Name Job Title Organisation Postal Address Suburb State Postcode DX Phone Special Dietary Requirements *FOR FULL TERMS AND CONDITIONS Pleasevisitwww.legalwiseseminars.com.au EARLYBIRDOFFER:Register and pay by 23 December 2016 to receive the Early Bird Price. LIVE WEB SEMINARS: Live web seminars and seminar recordings prices are per person only. They are not to be distributed or for group viewings. Please notelivewebseminarsandseminarrecordingsmaybecancelleddueto lownumbers.ifcancelled,wewilloffertheface-to-faceoption,atransfer toanotherseminarorafullrefund.5 FREE SEMINAR PAPERS:Onlyapply whenyoupurchaseall3dayscancellationpolicy:youmaynominate a replacement delegate to attend in your stead at any time. If you notify usinwritingmorethan5workingdayspriortotheeventyoumaychoose to: i. Obtain a credit for future use (valid for 24 months and cannot be exchanged for a refund) ii. Obtain a full refund iii. Transfer to another available seminar/conference in any format. If you notify us in writing within1to5workingdaysprioryouwillbechargedanadministrationfee of $75 for a half day, $150 for a full day or $300 for a 2 day event. With the remainingbalanceyoucanchooseto:i.obtainacreditforfutureuse (valid for24monthsandcannotbeexchangedforarefund)ii.transfertoanother seminar/conferenceinanyformatandpaythedifference.anycancellations within 24 hours of the seminar will be charged the full payment and no refund or credit will be issued. TRANSFER POLICY:Transfers between differentformatsareallowedwithoutpenaltymorethan5daysworking dayspriortotheevent.foranyamendmentswithin5workingdaysplease seeourcancellationpolicy.allnotificationsshouldbeforwardedtoinfo@ legalwiseseminars.com.au