Published on 07 Aug 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Often in preparing an entity for sale, a level of restructuring needs to occur. Some of the things that are often contemplated are writing off loans, using the consolidations regime to facilitate moving assets, undertaking share buy-backs, and issuing dividend access shares, amongst other ideas. Some of these ideas work well, and some do not. This paper considers the taxation implications of decisions that need to be made when 'cleaning up' an entity to facilitate a sale.
Andrew is a Partner in the Sydney law firm Brown Wright Stein Lawyers. His clients are accountants and lawyers in public practice that require advice on tax issues impacting on their clients. Andrew specialises in tax issues common to the SME and high-wealth individual sectors.
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23 January 2018