The children of Mr and Mrs Kettle inherit money from their late uncle. The twins decide to acquire their own farm and Rosie would like to start her own coffee shop. This session explored how you as their adviser can help on all matters including:
- issues to consider when choosing an appropriate farming structure including asset protection and taxation issues for different types of primary production expenditure
- small business CGT concessions - issues to consider when choosing an appropriate structure and major risk issues in accessing the small business CGT concessions
- distribution of income to owners
- is it time to restructure? issues to consider including the application of the small business roll-over and financing issues.