shopping_cart

Your shopping cart is empty

  • Home
  • Getting value out of companies - Part 1 paper

Getting value out of companies - Part 1 paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 27 Aug 09 by NATIONAL DIVISION, THE TAX INSTITUTE

This paper deals with a number of tax efficient strategies adapted to extract money from companies. The paper covers principles in each case, the practicalities, what the ATO has had to say to date and the likely areas of focus by the ATO, both today and in the future. Topics covered include:

  • getting money out of cash box companies, dividends, super, termination payments, bonuses, retainers, consulting fees, liquidation
  • accessing the cash before it goes into a corporate beneficiary - via an interposed trust;
  • loans by companies to and out of limited partnerships;
  • acquiring wasting assets in companies with retained earnings;
  • treatment of franked dividends to non-residents (via discretionary trusts);
  • dividends to companies with negative net assets (via discretionary trusts);
  • dividends to negatively geared shareholders;
  • passing shares to the trustee of a testamentary trust;
  • converting 7-year loans to 25-year Div 7A complying loans; and
  • franked dividend to shareholder who makes super contributions.

Author profile

Paul Hockridge CTA
Photo of author, Paul HOCKRIDGE Paul is a Tax Partner at Mutual Trust with over 30 years experience in tax, asset protection, estate and succession planning, FBT and salary packaging. Paul specialises in advising high-wealth families and closely held businesses as well as many accounting and law firms. Paul teaches in the Masters program in the Law School at the University of Melbourne and has been involved in consultation with both federal and state governments on a variety of tax matters. Paul also contributes to The Tax Institute’s book, Estate and Business Succession Planning. - Current at 12 April 2017
Click here to expand/collapse more articles by Paul HOCKRIDGE.

 

This was presented at 17th National Tax Intensive Retreat: Extracting Value .

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

Individual sessions

Recent developments relating to discretionary trusts - getting money out of trusts against the wishes of the trustee & appointor

Author(s):  Lisa HESPE

Materials from this session:

Getting value out of companies - Part 1

Author(s):  Paul HOCKRIDGE

Materials from this session:

Getting value out of companies – Part 2

Author(s):  David MARSCHKE

Materials from this session:

Voluntary liquidation – Getting the money & assets out of a company

Author(s):  Michael BUTLER

Materials from this session:

Offshore wealth - Accessing money overseas

Author(s):  Chris WOOKEY

Materials from this session:

The trust has served its purpose - Now let’s get the money out

Author(s):  Ken SCHURGOTT

Materials from this session:

The trust has served its purpose: Now what can we do with it?

Author(s):  Grahame YOUNG

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse

 

 

About us

Contact us

State Office Contacts

Connect

About Us | Contact Us | Help | Privacy, Copyright and Disclaimer | Conditions of Use | Sitemap | Social Media

© 1996-2017 The Tax Institute (ABN 45 008 392 372 (PRV14016)) All rights reserved.The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.