Published on 13 Mar 03
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The introduction of the new demerger rules has opened up a wealth of new structuring and tax planning opportunities for the tax practitioner with an SME client base. The tax free demerger of companies and unit trusts can facilitate transactions which previously were imposible due to adverse tax implications. This presentation provides informative and
practical answers to:
- what transactions are eligible for tax free demerger
- traps and pitfalls in applying the demerger rules
- stamp duty and commercial issues in demergers
- how the new rules can successfully be used in divorce matters, admission of minority shareholders, asset
protection, sale of business, business/family succession
planning and mergers/acquisitions.
Les Szekely BA LLM FTIA first worked as a solicitor and then taught commercial and revenue law at the
University of NSW and then at Sydney University. Les joined Horwath in 1984 as a Senior Tax Manager
and became a Tax Partner in 1987. Following the recent merger between Horwath and Deloitte, Les
became Director of Taxation, Deloitte Growth Solutions. For nearly 20 years his professional career has
been dedicated entirely to tax consulting for cross border transactions, business reorganisations,
mergers and acquisitions. Les has been extensively published in CCH, Rydges, IBFD and Information
Australia on both domestic and international issues.
Current at 5 February 2009
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