Getting money out of companies seminar paper

Published on 26 Aug 04 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

This paper covers the intricacies of distributing or liberating wealth from continuing companies including:

• the advantages of schemes of arrangement in complex client structures
• what to do to deal with value shifting traps
• dealing effectively with possible debt forgiveness implications
• structuring and optimising capital reductions / buybacks - avoiding assessable dividends
• capital benefits and dividend streaming implications.

This paper was also presented by Michael Hennessey at the 'Roadmap to Business Structures' seminar held in Brisbane on 19 November 2004. Michael also presented a large proportion of the paper at the 'My Client the Retiree/Investor' seminar held in Maroochydore on 8 April 2005 and at the '2005 North Queensland Convention' held in Townsville on 19 and 20 May 2005.

Author profile

Paul Sokolowski CTA

Paul is a partner and the national taxation practice leader at Arnold Bloch Leibler. Paul advises clients, including high-net-worth individuals, large private groups and public entities in tax reviews, audits, disputes and litigation, and in domestic and international transactions. Paul is a regular speaker and writer for the Tax Institute, and other organisations and publications. He actively contributes to tax policy, legislative, technical and administrative development and debate. In March this year, Paul won The Tax Institute’s 2019 Chartered Tax Advisor of the Year Award. - Current at 19 June 2019

More by Paul SOKOLOWSKI

• Lessons to be learned for litigators from tax cases in the last 12 months paper - 15-August-2019
• Member profile: Paul Sokolowski - 01-August-2019
• New GST withholding tax for new residential property – developers face cash flow and compliance issues - 28-November-2017
• Section 100A: What are ordinary family and commercial dealings, and will they save you? paper - 17-March-2016
• “Nurturing willing participation” - The 2014 offshore voluntary disclosure initiative: A contextual, situational and comparative analysis paper - 09-October-2014
• The penalty provisions and their administration: Living meaning or dead letter? paper - 26-March-2014
• Managing an ATO audit - 19-November-2013
• Dealing with Division 7A disasters paper - 23-August-2012
• Fear and loathing in Division 7A: A savage journey to the heart of the UPE dream paper - 28-October-2010
• The administrative penalty regime - A swinging reminder or just swinging paper? - 05-March-2010
• Unlocking value from private companies: Ten things you might want to know but were too afraid to ask paper - 07-May-2009
• Section 45B: dealing with Frankenstein's creature paper - 10-August-2007
• Playing the tax theremin: private groups and demerger and scrip for scrip tax relief paper - 17-March-2007
• HWI audits: the long and winding road paper - 06-October-2006
• Legal professional privilege and the Commissioner's Guidelines for Accountants' working papers convention paper - 10-September-2004

Click here to expand/collapse more articles by Paul SOKOLOWSKI.