Tax Aspects of Winding Up Trusts

Canvass tax aspects of winding up trusts, including methods for fixed vs non-fixed trusts, corpus vs income distributions and more in this intensive.

In this session, we cover:

• Definition and legal nature of trusts

• Taxation of trusts

• CGT and Trusts

• Resettlements

  • Trust resettlements

  • Trust splitting

• Vesting of trusts

  • Extending the vesting date

  • Trust law and tax consequences, with examples

  • Trustee requirements and protections

  • Specific CGT issues on vesting

• Tax Issues on Trust Wind-Up

  • Terminating a trust

  • Distribution of corpus/capital to beneficiaries

  • CGT implications for beneficiaries

Date recorded: 23 January 2025