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Courses/Accounting & Tax/International Tax

Australian Tax Issues Kiwis Have When Engaging in Succession

Navigating Australian Tax Implications for Kiwi Families and Trusts

Created byTEO Training
BeginnerUpdated Jan 17, 2025
Australian Tax Issues Kiwis Have When Engaging in Succession

What You'll Learn

check_circleUnderstand the broad Australian tax implications of gifting property to Australian children or relatives.
check_circleUnderstand the Australian CGT implications of property passing to Australian children or relatives through death.
check_circleHave an awareness of the implications of control of Kiwi trusts or companies passing to an Australian child or relative.
check_circleUnderstand the potential breadth of “section 99B” on Australians receiving distributions from Kiwi trusts.

About This Course

This course will focus in detail on a number of highly important Australian tax issues that Kiwi families should understand when seeking to pass wealth to children or relatives who have moved to Australia.

Topics Covered Will Include:

  • The operation of Australia’s CGT rules on the gifting of assets to an Australian child or relative.
  • The operation of Australian CGT rules on inheritances received from NZ by Australian children or relatives.
  • Australian concessional rules that may apply to income of testamentary trusts.
  • Australian tax rules regarding penalty tax rates on unearned income of minors.
  • The potential Australian tax implications of control of NZ entities passing to an Australian child or relative.
  • The implications of Australian children or relatives receiving income distributions from a NZ trust.
  • The operation of “section 99B,” which may tax Australian residents on many forms of payments from foreign trusts.

Case Study: Campbell v Commissioner of Taxation – Importance of documentation to prove “corpus” exemption.

Suited To:

  • Accountants, tax advisers, lawyers.
  • Individuals considering working or investing in Australia.
  • Business entities considering expanding into Australia.

Your Instructors

TEO Training
TEO Training
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TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Alex Duonis
Alex Duonis

Partner and Tax Advisor at Findex/Crowe

Alex is a Chartered Tax Advisor and member of the Tax Institute of Australia. He provides tax and structuring advice to clients all over Australia and overseas. His clients range from high-net-worth individuals, large and small corporates, government entities, and not-for-profits. Alex has broad Australian tax law knowledge while specializing in the areas of private company and trust taxation, GST, FBT and salary packaging, expatriate taxation, Capital Gains Tax, and R&D Tax Incentive.

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