Family Trust Elections in Focus – Q&As (AU)
View the Q&As from the CA ANZ Sharing Knowledge Session on Family Trust Elections in Focus
In brief
- CA ANZ hosted a Sharing Knowledge session on family trust elections on 7 August 2025.
- Family trust elections and common pitfalls were discussed and the ATO shared insights from recent engagements.
- Questions addressed during the session have been compiled into a Q&A document.
Chartered Accountants Australia and New Zealand (CA ANZ) hosted a Sharing Knowledge session titled Family Trust Elections in Focus on 7 August 2025.
Andrew Smith, CA ANZ Senior Tax Trainer, provided an overview of family trust elections—what they are, when they apply, and key considerations for tax practitioners. He highlighted common scenarios where elections are required and flagged areas to watch out for.
Amy James-Velagic, Assistant Commissioner – Private Wealth at the Australian Taxation Office (ATO), shared insights from the ATO’s recent engagements. She discussed trends observed in the private wealth sector and highlighted areas where the ATO sees frequent issues with family trust elections.
The session generated strong engagement, with attendees raising a wide range of questions. These were addressed during the live discussion, and the full set of questions and answers has been compiled into a Q&A document available to members.
Sharing Knowledge Session: Family Trust Elections in Focus
View the recording of the Sharing Knowledge Session: Family Trust Elections in Focus
Special Tax Topics 2025-2026 – Family Trust Elections
Gain an understanding of when a FTE is required and the potential long-term implications of making such an election.
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