For many families, succession planning for family investments is an important step in creating and maintaining intergenerational assets/wealth. However, where children have chosen to reside offshore, the consequences can be costly.

As our nearest neighbour, Australia is a common destination for younger generations. As Australia has a different tax system, taxing capital gains and trusts differently to New Zealand, the tax implications for the wider family group can reduce the wealth being transferred.

As such, it is critical to understand the impact of these rules prior to implementing a succession plan. This course will look to identify the main issues arising in these situations and outline the key areas to be considered in planning for succession.

Upon satisfactory completion of this activity you will be able to:

• Get a better understanding of the potential risks when family move to Australia
• Understand the potential alternative strategies to manage the risks
• Understand the impact to trusts on beneficiaries residing in Australia

 Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)

Suited to: Middle to senior accountants or anyone advising clients overseas

PRESENTER

Jarod Chisholm, Senior Partner, Findex/Crowe

Jarod is a senior partner in the Otago Tax Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.

Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.