Trusts

Why the ATO is targeting babyboomer wealth

2025-02-11T11:56:08+10:00February 11th, 2025|ATO, Family, General, News, SMSF, Trusts|

“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.” ATO Private Wealth Deputy Commissioner Louise Clarke The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful

BDH Leaders Tax Planning Webinar

2022-05-05T13:12:44+10:00May 5th, 2022|ATO, General, News, Trusts, Webinar|

Yesterday, Tas Demos & Gede Barone, BDH Leaders Principals, presented a webinar on Tax Planning. For those who were unable to make it, or for those who would like to review the information, above are the links to the webinar recording and slides. The material and contents provided in this webinar are informative in nature only.

The ATO’s Attack on Trusts and Trust Distributions

2022-03-10T09:10:56+10:00March 10th, 2022|ATO, Corporate, Family, General, News, Trusts|

Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach. Family trust beneficiaries at risk The tax legislation contains an integrity rule, section

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