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Family Trust Elections Webinar

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How to maximise opportunities while reducing risks

The who, what, when & how of family trust elections
How to make the most of the concessions for family trusts
How to avoid triggering penalty tax rates

A Live Instructor Led Webinar

Family trust elections can be a vital tool in protecting trust losses, company losses and franking credits but can also cause significant tax problems for clients if they are used incorrectly. Once a mistake has been made in this area it is very difficult to fix the problem so understanding the rules and the key risk areas is crucial.

The Family Trust Elections Webinar will help your clients take advantage of the rules without triggering penalty tax rates under the family trust distribution tax rules.

The ATO has specifically increased its focus in this area so it is crucial that practitioners understand the rules and common problem areas. This is essential training for all team members.

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AU $195 members
AU $235 non-members

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Register Office*

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AU $520 members
AU $595 non-members

Register Office*
Total 1.25 CPD Hours (est.)

Date & Details

Recorded: Thursday, 1 May 2025

 

*Office Registrations. Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and individual recording access will be provided to all attendees.

What we cover

While the family trust election rules have been in place for many years, practitioners still find the rules confusing and are not always sure when elections should be used or the best way to use them. The Family Trust Elections Webinar helps to clarify when and how to use them correctly. 

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • When family trust elections should be used
  • Who can (and should) be the test individual for the election
  • How to work through the family control test
  • The timing rules for putting an election in place
  • When retrospective elections can be made
  • How to determine whether interposed entity elections are required
  • The hidden dangers of using interposed entity elections
  • ATO guidance on penalty tax for family trusts
  • When elections can be revoked or varied

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry.

He was a member of the advisory panel for the Board of Taxation and a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.

 

Terms & Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Knowledge Shop Pty Ltd's written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Knowledge Shop Pty Ltd may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Knowledge Shop Pty Ltd reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Knowledge Shop Pty Ltd directly, with all requests to be considered on a case by case basis by Knowledge Shop Pty Ltd in its absolute discretion.

The General Terms and Conditions can be accessed here.