2024

State Taxes (duties) and Trusts – State of play

Published Date: 6 Jun 2024

 

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This session considered some recent amendments and case law, as well as some of the aspects of duties that catch advisors out when they’re working with trusts, including:

  • Refresher on land holding trusts and other duty issues for trusts across the states and territories
  • Varying interests in a landholding trust (with reference to the recent ‘GLDT’ case in the ACT)
  • What are many practitioners unaware of that they really need to know, and what are they getting wrong in relation to duties issues for trusts? and
  • Declarations of trusts and dissolutions of partnerships of trusts – drawing from Rojoda, Benidorm, and (more recently) Leemhuis Investments Mitchell Pty Ltd v Cmmr for ACT Revenue.

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The Tax Institute
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("TTI")

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