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 FTI
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
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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