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Getting money out of SME companies paper

Published on 11 Oct 12 by VICTORIAN DIVISION, THE TAX INSTITUTE

When the revenue tail starts to wag the commercial dog, strange outcomes and potential dangers are inevitable. This paper looks at some of the issues to be addressed for SME clients who want to extract money from their companies without being bitten.

Issues covered include:

  • debit loans (Div 7A)
  • credit loans (Div 974 debt–equity)
  • making UPEs and how to get the money out
  • share buybacks
  • capital reductions
  • dividends (including streaming and classes of shares)
  • excessive remuneration and s109
  • sections 45A and 45B
  • demergers
  • liquidations.

Author profile:

Tony RIORDAN
Tony is a Partner of Riordans Lawyers
Current at 26 March 2008
Click here to expand/collapse more articles by Tony RIORDAN.
 

This was presented at 51st Victorian State Convention .

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