Maximising value from corporate structures
Source: Taxation In Australia Journal Article
Published Date: 1 May 2023
Family succession journeys are unique to each family and what works for one family may not necessarily work for another. The same goes for the best way to extract wealth out of family entities when needed, ie when a business is sold, when wealth is needed for personal commitments, or if assets are being divided and restructured as part of a larger succession planning project. This article will focus on the challenges and opportunities in extracting value from private companies, and the various options to consider when determining the most tax-effective way for the family or group of private investors. Specifically, this article covers several tax strategies to extract value from companies. As there are many ways for companies to return value to shareholders, it is important for tax advisers to understand and compare these different approaches in order to meet the clients' commercial objectives and achieve the best overall tax result.
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- Published On:1 May 2023
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