Published on 17 Sep 2012
| Took place at Hilton, Adelaide
This all day seminar was specifically tailored to advisors who provide advice to family owned groups within the SME market.
Papers focus on the topical issues currently being faced by advisors in this market. These areas include Division 7A, holding real property in self managed superannuation funds, and succession and governance issues for a SME client.
With the recent attack on trust structures by the ATO through the changes to taxation treatments on Unpaid Present Entitlement's, the new streaming measures and the definition of distributable income, many advisors are starting to question the viability of trust structures going forward. With this in mind, case studies have been used to work through the practical issues associated with restructuring clients out of a trust structure and in a company.
Topics covered included:
Div 7A - UPEs for trusts running businesses/holding investment assets
buying and holding property through SMSFs
successions and governance issues
GST issues impacting family planning
practical issues of a re-structure
Get a 20% discount when you buy all the items from this event.
UPEs for trusts running business/holding investment assets
Author(s): Ian SNOOK
With the recent views of the ATO in relation to Division 7A and the use of corporate beneficiaries this area is becoming even more of a minefield for advisors when dealing with small to medium clients. This paper covers the practical issues arising from the recent changes including:
present and future challenges
corporate UPEs & trust chains
issues associated with treating company UPEs as Division 7A loans
Failing to plan is planning to fail. This paper looks at common issues encountered by family businesses including succession planning and tax risk management, and provide practical strategies which can be adopted for your clients.
This paper covers:
planned and unplanned exits from business – succession, sale and death
interaction of succession planning with estate planning
tools to achieve your client’s goals:
buy/sell agreements and funding considerations
shareholder and Unitholder Agreements
corporate and trust governance issues
tax risk management:
practical strategies to improve client’s position should audit occur
One of the greatest impediments to any potential restructure is the application of Capital Gains Tax. Part 1 of this paper looks at the various rollovers available and some of the traps which need to be watched out for.
The second part of this paper focuses in depth on the following scenarios:
individual to company
option 1 – Individual principally owning capital assets
option 2 – Individual principally owning depreciable assets (low tax WDV but high market value)