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 Sokolowski, CTA, is a partner at Arnold Bloch Leibler, and is the national leader of the firm’s taxation practice. 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 2019, Paul won The Tax Institute’s 2019 Chartered Tax Advisor of the Year Award. - Current at 16 December 2020

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