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Tax Essentials for Lawyers - Masterclass

Available by webinar only (recording to be available)


Tax Essentials for Lawyers Masterclass
2 CPD Units in Professional Skills

Presenter: Allan Swan, Estate Planning Equation - Preventative Law
Date: Thursday, 16 March 2023
Time: 10:00am - 12:00pm
Format: Webinar only

There are 5 key taxes that have a particular impact on the advice and the documents provided by many Australian lawyers.  Those taxes are capital gains tax, land transfer duty, land tax, GST and certain aspects of income tax.  This workshop provides lawyers with a practical focus on the implications of those taxes.

Capital gains tax
• Main residence exemption & extensions
• Small business CGT concessions
• Earn out payments
• Intellectual property – goodwill & trademarks
• Family law rollover
• Deceased estate rollover – pre acquired & post acquired assets

Land transfer duty
• Nationwide exemptions
• Victorian exemptions
• “Foreign purchaser” purchases

Land tax
• Principal residence exemption & extensions
• Primary production land exemption
• Penalty rates – non-fixed trusts
• Superannuation funds, companies & fixed trusts

GST
• Taxable supply v Input taxed v GST free
• Sale of going concerns
• Primary production land
• Commercial v residential property
• Margin scheme

Income Tax
• Comparison between structures
• Income splitting – personal exertion component
• Carry forward and carry back losses
• Work in progress
• Intellectual property (other than trademarks and goodwill)
 
About the Presenter:

Allan Swan works with private clients and their accountants, financial advisors and legal practitioners relating to the legal aspects of the following areas of Preventative Law, namely:

• Asset Protection
• Deceased Estate Taxation
• Dispute Prevention
• Estate Planning
• Preventative Law Strategy
• Special Disability & Protective Trusts
• Structuring
• Superannuation
• Tax Considerations
• Testamentary & Family Trusts

Allan also provides practitioner training and speaking services in the above areas, is an adjunct lecturer in the College of Law’s applied law master’s program, an instructor for the Leo Cussen Centre for Law, the Law Institute of Victoria, CPA Australia and other professional bodies. Allan is accredited as a STEP Trust and Estate Practitioner.
Allan holds degrees in Law and Economics and a Graduate Diploma in Financial Services.
 

Registration fees: 

Members admitted more than 3 years: $150
Members admitted less than 3 years: $120
Non-Members: $230
Other: Login to see your registration fee
When
16/03/2023 10:00 AM - 12:00 PM
Where
AUSTRALIA
Online registration not available.

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Cancellation and Payment Terms: Registration fee payment is required in full at the time of registration. Previously paid registrations are transferable subject to the alternate attendee being eligible to register at the same registration fee (that is a practitioner who is not a Society member is not eligible to attend in place of a member without the price differential having been paid. Any person who has registered and paid to attend an event but is subsequently unable to do so and does not wish to transfer the registration is able to apply to the Society for a refund, however such refunds (in whole or in part) will be at the discretion of the Law Society subject to the circumstances and any external costs paid by the Society which cannot be recovered by us. Where there are event specific cancellation and/or payment terms published, those terms override any conflicting terms specified here.
MCPD Units: Any MCPD Units listed are only provided as a guide and attendees must satisfy themselves about the nature and quantity of MCPD Units they can claim for the activity. Please refer to the MCPD Guidelines for details at www.lawsocietysa.asn.au/mcpd
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