An Introduction to the Temporary Repatriation Facility (TRF)

Cost: Free

An introductory overview of the temporary repatriation facility (TRF) including; what it is, how it works and who it applies to.

We will take a look at:

• the designation process
• the definition of qualifying overseas capital
• uncertain amounts
• time limits and record keeping
• mixed fund ordering rules
• Offshore transfer rules and capital accounts
• Joint accounts and third parties

We’ll also talk about how the rules are applied in different situations, with examples. The extension of the TRF to Trusts will not be included in this session, however, it will be covered in a future webinar.

No terms.