Is you business CGT concession ready? presentation

Published on 16 May 13 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Selecting an appropriate structure to operate a business or hold investments is crucial to ensure the desired commercial and tax outcomes can be achieved. So how do you decide what is the right (or wrong) structure for an SME? How do you make sure the structure is ready to access the small business CGT concessions? By focusing on a series of real-life examples of structures used by SMEs, this presentation looks at:

• effective structuring of an SME, including the major strengths and weaknesses of particular structures
• how to determine if a structure has become ineffective and what to do if this is the case
• what should you do if you have inherited a poor structure?
• what factors should be considered if you decide to restructure?
• how do you know if a business or structure is CGT concession ready?
• can you manage or fix potential problems in the ability to access the CGT concessions?

Author profiles

Gregory Travers CTA

Greg is the Director in charge of the Tax Services division of William Buck in Sydney. His clients are predominantly private businesses, both Australian and foreign owned, as well as higher wealth individuals and families. Greg’s work is primarily advising on issues and transactions, such as restructuring, exit strategies, business acquisitions and international expansion, along with referrals from accountants, lawyers and other advisers. Greg is the author of The Tax Adviser’s Guide to Part IVA, published by The Tax Institute - Current at 26 June 2019

More by Greg TRAVERS

• Division 7A – A moving feast paper - 22-August-2019
• Practical issues with Division 7A paper - 24-May-2018
• Loans and UPEs – Do we need a company bypass… Or maybe even a trust transplant? - 10-November-2016
• Outbound investments: Current topical issues paper - 22-September-2016
• Business tax considerations in a global economy paper - 18-August-2016
• Practical strategies with business succession paper - 02-June-2016
• Can Part IVA apply? Some examples and what to do to protect your business paper - 13-August-2015
• Division 7A: Putting your hands in the till without getting your fingers burnt paper - 21-May-2015
• Extracting wealth from private businesses paper - 22-May-2014
• The tax adviser’s guide to Part IVA - 01-April-2014
• Is your business CGT concession ready? paper - 16-May-2013
• Practical guidance on the tax issues arising for contractors and the businesses that engage them paper - 17-May-2012
• Looking at buying a business paper - 19-May-2011
• Selling your business paper - 17-February-2011
• Final ruling TR 2010/3 - Income tax: Division 7A loans: Trust entitlements paper - 23-June-2010
• Structuring and restructuring the growing business paper - 22-November-2007
• Member Profile: Greg Travers - 01-July-2004
• Lifecycle of a property development joint venture convention paper - 04-June-2004
• Buying and Selling a Business: Impact on Losses seminar paper - 11-June-2003
• A Comparison of Structures - Companies seminar paper - 08-May-2003
• Trusts - 18-September-2002
• Effective salary packaging - 05-March-2002
• PSI: To Self-Assess or Not? This is the Question - 18-September-2001
• Personal Services Income in Practice - 21-June-2001
• Loans to/from Non-Fixed Trusts - 23-November-2000
• A Re-Appraisal Of Year End And Tax Planning Techniques - 23-June-2000

Click here to expand/collapse more articles by Greg TRAVERS.

Todd Want CTA

Todd Want CTA Todd is a Director in the Tax Services division at William Buck in Sydney, where he specialises in small-to-medium enterprise tax matters. Todd advises his clients on a broad range of tax issues, while he also provides specialist consulting services to accountants, lawyers, financial planners and other professionals in public practice to assist them in advising their clients. Todd is also a regular presenter for The Tax Institute at various conferences and events. Academic Qualifications • Bachelor of Commerce (Dean’s Scholar with Distinction) Professional Associations & Designations: • Chartered Tax Adviser (CTA) • Member of Chartered Accountants Australia and New Zealand • Member of CPA Australia - Current at 25 August 2020

More by Todd Want

• Tax implications of relationship breakdown paper - 15-October-2020
• Tax implications of relationship breakdown paper - 11-March-2020
• Big headaches or big opportunities? Current tax issues in business sales paper - 02-June-2016
• Preparing for the grand final: How to get a business ready for sale paper - 19-November-2015
• Main residence exemption paper - 27-February-2014
• Is your business CGT concession ready? paper - 16-May-2013
• Member profile: Todd Want - 01-July-2012

Click here to expand/collapse more articles by Todd Want.