Australian Residents, Foreign Trusts and Foreign Funds – The New Black! – covering the Australian tax implications of Australian individuals being trustees or beneficiaries of foreign trusts

The Tax Institute conducted its 7th Annual Victorian Tax Forum, in Melbourne over 17 & 18 October 2019, and Mr Neil Brydges of Melbourne legal firm: Sladen Legal, delivered a paper entitled: ‘Australian Residents, Foreign Trusts and Foreign Funds – The New Black! ‘ This is an important paper covering the Australian tax implications for Australian taxpayers becoming a trustee of a foreign trust or a beneficiary of a foreign trust – a thing which is now prevalent enough to become the ‘new black’.

See below for the full article.

[Tax Month – December 2019]