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Unlocking value from private companies: Ten things you might want to know but were too afraid to ask presentation

Published on 07 May 09 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Our tax system ensures that a company is not a personal bank account or cash box to be dipped into as and when required without tax implications (whether we understand them or not). In tough economic times, the temptation is to not pay close enough attention to the tax pitfalls in accessing wealth located within a company or a corporate structure. This presentation considers ten things you might want to know about liberating wealth from companies, including:

  • can a trust make distributions of income to a company without ever transferring cash or property?
  • can a company issue a dividend access share and bypass existing shareholders in distributing funds?
  • can returns of capital be taxed as dividends?
  • can private company groups ever demerge?

Author profile

Paul Sokolowski CTA
Photo of author, Paul SOKOLOWSKI Paul Sokolowski, CTA, is a partner at Arnold Bloch Leibler, and is the national leader of the firm’s taxation practice. Paul advises clients, including high-net-worth individuals, large private groups and public entities in tax reviews, audits, disputes and litigation, and in domestic and international transactions. Paul is a regular speaker and writer for the Tax Institute, and other organisations and publications. He actively contributes to tax policy, legislative, technical and administrative development and debate. In March 2019, Paul won The Tax Institute’s 2019 Chartered Tax Advisor of the Year Award. - Current at 16 December 2020
Click here to expand/collapse more articles by Paul SOKOLOWSKI.

 

This was presented at 42nd South Australian Convention: Playing to Win .

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10 rounds with the regulator

Author(s):  Ian READ

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