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Liquidate but only after you contemplate - getting money out of private companies paper

Published on 18 Mar 05 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

This paper covers winding up a private company from income tax, GST and stamp duty viewpoints, including:

  • why liquidate? - comparison with capital return mechanisms
  • dividend v capital proceeds - where do I start?
  • managing available franking credits
  • CGT events C2 and G1
  • liquidating consolidated entities - where should you start?
  • timing issues - some curious results emerge
  • interaction with CGT discount and small business concessions
  • stamp duty exemptions and GST issues on liquidations
  • implications of various liquidation strategies.

Author profile:

Andrew SINCLAIR
Current at 26 May 2009 Click here to expand/collapse more articles by Andrew SINCLAIR.
 

 

This was presented at 20th National Convention: Tax Unmasked .

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