One of the greatest impediments to any potential restructure is the application of Capital Gains Tax. Part 1 of this presentation looks at the various rollovers available and some of the traps which need to be watched out for.
The second part of this presentation focuses in depth on the following scenarios:
- individual to company
- option 1 – Individual principally owning capital assets
- option 2 – Individual principally owning depreciable assets (low tax WDV but high market value)
- unit trust to company
- replacing the unit trust with a company
- inserting a company as holder of all units.