maintenance
Miscellaneous
2022
When it all needs to come undone - Dismantling structures podcast
Source: Victoria
Published Date: 21 Jul 2022
There comes a time when our clients want or need to retire. Some do so by selling their business or handing it down to the next generation and immediately taking on retirement pursuits. Others prefer to transition to retirement gradually, in line with a detailed and gradual succession plan. Either way, their retirement and the succession of the business will have tax consequences that can vary significantly depending on the business structure, tax profile of various assets and taxpayers, and the steps taken to give effect to the succession and retirement. Practitioners should consider the tax implications of likely strategies well before their client begins writing their retirement speech or LinkedIn post. This podcast delves into the tax implications arising from the dismantling of structures and the implementation of succession plans for family businesses, including:
- Exiting stakeholders and structures, including the impact that this can have on the tax profile of family entities
- Extracting personal wealth and assets from an entity upon or in the lead-up to retirement
- Separating out one or more businesses and / or investments between family members or entities
- Transferring assets to related family entities
- Application of the share buy-back provisions
- Funding succession / transition; and
- Earn-out arrangements
Individual Session
When it all needs to come undone - Dismantling structures
Author(s):
Mark Molesworth
Details
- Published By: Mark Molesworth
- Published On:21 Jul 2022
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
Tags
Miscellaneous
2022
Share this page