Jim O’Donnell, CTA

Jim O’Donnell, CTA

Jackson McDonald

Jim is a Partner of Jackson McDonald Lawyers in the tax and succession arm of their corporate and commercial team. Jim has nearly 25 years professional experience. He advises and represents a wide range of clients including high net worth families and professionals, SME business structures and not for profit entities with respect to trusts, succession planning, deceased estates, SMSFs, property development and transactions, legal structuring and asset protection. He advises on all areas of Federal and State taxation. Jim holds various degrees and qualifications, including a Masters of Taxation, a Bachelor of Laws, a Bachelor of Commerce (Accounting major) and an Advanced Certificate of Public Administration. Jim is a CTA of The Tax Institute. He served on the WA State Council 2015-2018. Jim is also the Vice Chair and immediate past Chair of STEP WA and is the Secretary of STEP Australia. Jim is also currently serving on a working group with the Law Society of Western Australia to set up a specialist accreditation programme for Wills and Estate Practitioners in WA.

All Sessions by Jim O’Donnell, CTA

11:30 am - 12:30 pm

Session 21.1: Contemporary cross-border issues with trusts and estates

SME Stream

Private groups can encounter tricky cross-border issues, even in an era of border closures! This session will focus on contemporary issues affecting existing entities and succession planning, including:

  • Living with foreign trusts – accidental change in residency, Session 99B, and managing tax efficiency
  • CGT concessions –applying Division 152 to foreign assets or beneficiaries, and the current scope of Division 855
  • Pitfalls of estate planning – choice of executor and tax residency, international wills, CGT event K3, and testamentary trusts with foreign beneficiaries and
  • Key foreign concepts – domicile, citizenship, family provision rules, and inheritance and wealth taxes.