How to structure a business succession plan Parts 1 and 2 paper

Published on 08 Aug 12 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Annually there are hundreds if not thousands of business succession disputes; Courts across Australasia face claims and counterclaims, business owner friendships and family ties are torn asunder and millions are paid in legal fees. Mixing business and commercial concepts with tax planning, Peter Bobbin leads you through the How-to of modern succession planning, including:

• tips for separation planning before they start
• structures that get in the way
• how to cajole the 90% that don’t want to do it
• dissecting the succession plan key components
• additional Family Succession issues
• structuring the Buy/Sell plan
• key tax issues that must not be missed
• Stamp duty and GST management
• traditional methods miss great tax concessions
• triggering the tax liability, counter-intuitive but right
• funding the agreement.

Author profile

Peter Bobbin CTA

Peter is a superannuation, taxation and estate planning solutions specialist. Many clients, large and small, have business and family wealth succession plans that are operating today, which were first developed 33 years ago under Peter’s guidance. He is a former lecturer in the Masters of Taxation, Laws and Financial Planning degrees at the University of Western Sydney, and has presented to the ATO, ASIC and a variety of other acronym organisations. In 2015, Peter was awarded SME Tax Adviser of the Year by The Tax Institute. - Current at 16 September 2021

More by Peter BOBBIN

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• When arm's length super is gnarly, nali or nale paper - 28-March-2019
• Super death – Almost all you need to know paper - 22-March-2019
• Superannuation – Property: Self-managed super-strategies & investment structures for purchasing business real property - 05-September-2018
• SMSFs and asset protection 2016 paper - 25-August-2016
• Structuring for a sale in the next five years paper - 11-June-2015
• Prior to being bankrupt, superannuation is a claimable asset – Characterising and shaping the nature of a member’s interest to address this paper - 18-March-2015
• An overview of your client’s estate planning paper - 05-March-2014
• Asset protection - Just how safe is your superannuation? paper - 31-October-2013
• The divorce: Tips and traps to ensure a tax effective separation paper - 19-February-2013
• Self managed super: Strategies & investment structures for purchasing business real property paper - 19-May-2011
• Testamentary trusts: An accountants perspective presentation - 04-March-2010
• Successful succession for success paper - 26-August-2005
• Business succession planning - making sure it survives even if you don't - 20-November-2001
• Are discretionary trusts dead? - 29-May-2000

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