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Exiting structures for SME's

Published on 12 Feb 2014 | Took place at Perth Concert Hall, Perth, WA

Exiting a business is much more complicated and arduous than the uninitiated would think. This one day seminar focused on the key tax issues that you, as tax advisers, will need to consider when you wind up a trust or company or when preparing a business for sale. Key problem areas including small business CGT concessions and exemptions, which have been a recent focus of ATO attention, and distributions to shareholders and beneficiaries were explored in detail - identifying both risks and opportunities.

The emphasis of this seminar was to demystify the process and set out some practical considerations for achieving the best possible outcome on exiting a structure.

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

Individual sessions

Addendum - Preparing your business for sale

Author(s):  Sarah HICKEY,  Sean Maloney,  Cameron Grant

This paper covers:

  • cleaning up loan accounts
  • rolling over to a company
  • bringing an entity into a consolidated group
  • share buy backs
  • Part IVA.
Materials from this session:

GST issues

Author(s):  Tony INCE

This paper covers:

  • GST on a taxable supply
  • GST implications for different types of entities
  • supply of a going concern
  • recent cases.
Materials from this session:

Duty issues impacting on exiting structures for SMEs: Case studies

Author(s):  Brian LOVITT,  Modiesha MEEGAHAGE

This paper covers:

  • case study: Disposal of partnership interest
  • case study: Distribution to shareholders on liquidation of a company
  • case study: Reconstruction transaction
  • case study: Partitioning
  • case study: Transfer from discretionary trust
  • case study: Single to joint ownership.
Materials from this session:

CGT issues

Author(s):  Justin BYRNE

This paper covers:

  • which CGT event occurs and what is the timing of that event?
  • pre-sale transactions
  • rollovers
  • consolidation issues
  • small business CGT concessions.
Materials from this session:

Winding up trusts discretionary & unit trusts

Author(s):  David Montani

This presentation covers:

  • why would you want to wind up a trust?
  • winding up trusts is different from winding up companies
  • there are consequences when a trust vests
  • how do you go about winding up a trust?
  • trustee responsibilities on vesting
  • practical order of events if a trust vests
  • income tax
  • CGT consequences
  • discretionary trusts.
Materials from this session:

Members voluntary liquidation

Author(s):  Kim Wallman

This presentation covers:

  • review current financials
  • equity make-up
  • pre-liquidation tax planning
  • is a formal liquidation required?
  • searches
  • asset distribution
  • liabilities.
Materials from this session: