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Working with Testamentary Trusts

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Testamentary vs Discretionary Trusts:
Key differences that matter

This training is recommended for Accountants working in public practice and all Practitioners working with tax 

A Live Instructor Led Webinar

Testamentary trusts are a common feature of many estate plans, with certain tax rules being modified when dealing with a testamentary trust. This means that from a tax perspective testamentary trusts are treated a bit differently to both regular discretionary trusts and deceased estates.  

 This Working with Testamentary Trusts webinar will help to identify when a testamentary trust exists and the key modifications and concessions to watch out for. It will explain how distributions to minors are taxed, new integrity rules which can impact on the tax outcome and what happens if income is accumulated within the trust. Key CGT issues will also be considered.

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AU $195 members
AU $235 non-members

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AU $520 members
AU $595 non-members

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Total 1.25 CPD Hours

Date & Details

Recorded: 11 December 2025

 

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

What we cover

On completion, participants will be able to:

  • Identify when a testamentary trust might exist  
  • Explain the key features of the tax rules which are modified when dealing with testamentary trusts 
  • Explain how to determine the tax treatment of distributions made by testamentary trusts to minor beneficiaries 
  • Identify when integrity rules might prevent concessional treatment from applying when making distributions to minor beneficiaries 
  • Explain the tax treatment when income is accumulated in a testamentary trust 
  • Identify key CGT issues and concessions when dealing with testamentary trusts

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to webinar recording
  • Reference notes

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 was 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.