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SHOW ME THE MONEY - TOOLS FOR WEALTH EXTRACTION - NSW STATE CONVENTION

Published on 23 Jun 2005 | Took place at Peppers Fairmont Resort, Leura , NSW

This convention had sessions that explored areas such as the ongoing extraction of corporate profits, the implications of the small business CGT concessions, superannuation, liquidations and trusts.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Withdrawing wealth on an ongoing basis

Author(s):  Gordon S COOPER

This paper looks at the tax consequences of extracting cash from a profitable company. Matters covered include:

  • wages and salaries
  • fringe benefits tax
  • on costs
  • loans
  • dividends
  • other.
Materials from this session:

Superannuation and retirement planning

Author(s):  Graeme COLLEY

Apart from the family home superannuation is usually the next most valuable asset that a person has. The art of creating enough to live on in retirement is a delicate balance of prudent investing and using the concessions available to stretch the net as far as possible without it breaking. This presentation covers the use of the relevant concessions in the superannuation legislation to ensure the best possible outcomes for wealth creation during the accumulation and draw down stages of superannuation. Matters covered include:

  • keeping on top of contributions to super
  • things to think about with choice of funds
  • investment strategies and wealth building through super
  • taxation of superannuation funds in accumulation and pension phases
  • pension strategies, strengths and weaknesses.
Materials from this session:

The tax consequences of liquidation

Author(s):  Paul L DOWD

This paper examines the implications of corporate liquidations with a particular emphasis on maximising the after tax returns. Specific planning opportunities are also explored. Matters covered include:

  • in liq .vs in vol liq.
  • capital loss vs capital gain - deemed dividends
  • pre CGT
  • 'The Archer Brothers' principles
  • CGT event K6
  • post CGT.
Materials from this session:

Trust vestings and distributions

Author(s):  Ken SCHURGOTT

Tax effective vesting of trusts demands particular attention to the interplay of trust law, income tax and stamp duty. This paper covers these issues in the context of private trusts, whether holding passive assets or conducting a business. Matters covered include:

  • discretionary trusts
  • unit trusts
  • the CGT E events
  • in specie distributions
  • splitting and cloning.
Materials from this session:

How can you prepare your business for a sale?

Author(s):  Andrew NOOLAN

Achieving a tax effective result on the sale of your business isn't simply a result of signing a sale contract. Different strategies may need to be employed depending upon the operating structure in place, the identity of the owners, and the underlying tax profile of the operating business. A more tax effective exit may be achieved through de-merging part of a business prior to sale, by undertaking a share buy-back instead of a sale, or by entering the consolidations regime to enable assets to be transferred. This paper explores the planning opportunities available to put you in the best position to achieve a tax effective exit. Matters covered include:

  • undertaking a de-merger
  • using a share buyback
  • returning capital
  • restructuring shareholdings
  • entering the consolidations regime
  • other planning strategies.
Materials from this session:

Accessing CGT small business concessions

Author(s):  Tony FITTLER

This paper examines ways to access the small business capital gains tax concessions incorporating the various ATOIDs and ATO Rulings. It is easy to fail to qualify for the concessions. Don't be the one to miss out. It also examines pitfalls as well as planning and structuring tips. Matters covered include:

  • partnerships
  • companies
  • trusts
  • retirement and succession planning.
Materials from this session: