Published on 15 Mar 08
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
The success of the baby boomer generation comes with some tax headaches - with many wanting to move towards a more relaxed lifestyle it will be important that advisers are aware of the myriad of tax issues that will need to be addressed to ensure that the sea change is a happy one and not too taxed. Case studies in this paper examine:
- ways of selling out of the business:
- using small business CGT concessions for best advantage
- sell the business or the shares?
- which concession works best for you?
- liquidating the family company
- dealing with businesses owned by trusts
- intergenerational change - should I set up a testamentary trust in my will?
- superannuation - tax free money for life?
Brenton Ellery is a partner of Edwards Marshall Chartered Accountants. He is a Fellow of the Tax Institute and a former State Chairman and National Councillor.
In 2000 he was awarded a certificate for Outstanding Service to the Tax Institute, including the many papers and presentations he has made.
He has been a member of the Tax Agents Board in SA since 1996, having been nominated by the professional accounting bodies.
- Current at
06 November 2009