2012 Trust Changes

The podcast transcript following, is of an interview with CPA Australia senior tax counsel Mark Morris and ATO senior tax counsel Fiona Dillon. The podcast which was recorded by CPA Australia in May 2012, provides general information about some of the 2012 trust changes. Note: The information in this transcript is current as at May 2012. The comments made reflect the ATO position at the date of publishing and the [...]

By |2017-06-22T16:16:29+10:00May 8, 2013|General|0 Comments

Estate planning flexibility

Estate planning flexibility is facilitated in the 'modern' Will. This article discusses some of the features of a modern Will that give that flexibility and provide peace of mind to the testator. What’s in a Will? As mentioned in our post ‘Estate Planning outlined’ two important documents to be found in an Estate Plan are the Last Will and Testament (Will) and the Enduring Power of Attorney (EPA): we also [...]

By |2018-02-12T11:10:07+10:00November 16, 2011|Estate Planning|0 Comments

Estate Planning outlined

Estate Planning outlined Estate Planning is an important wealth management exercise that seeks to continue the good work of the testator in accumulating the wealth that they seek to pass on for the benefit of future generations. In estate planning outlined, we set out the series of posts that deal with critical elements of that exercise. What is an Estate Plan?  An estate plan is a strategic approach to the [...]

By |2018-02-12T15:40:50+10:00November 9, 2011|Estate Planning|Comments Off on Estate Planning outlined

Dividend Imputation and Franking Credits

What is dividend imputation? When shareholders receive dividends, they are essentially treated as having received a distribution of the pre-tax profits of the company. Accordingly, they must include in their assessable income the actual amount of the dividend received plus the amount of company tax paid on that dividend (referred to as the ‘grossed up dividend’, or dividend imputation). However, to ensure the dividend is not taxed twice, (initially in [...]

By |2017-07-31T15:43:15+10:00August 27, 2009|Investment Strategies, Wealth Management|8 Comments
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