Managing and transitioning trading businesses
Published Date: 23 Oct 2025
This session discussed:
- What if a sole/key owner or controller of a trading business passes away
- The impact of death and different issues if the business is carried on by sole trader, partnership, trust or company
- Implications for executors and beneficiaries
- What helpful / unhelpful provisions can a Will include
- Any ATO administrative concessions or elections
- What is the executor’s role regarding the operation of the business
- How to effectively manage during administration and transition control, and can control be transferred while administration of estate is ongoing and before ownership transfers?
- Impact on planned sale of business / structure, and what if contract already inked?
- Insurance payouts; and
- Impact on availability of small business CGT concessions where ownership changes upon death.
Individual Session
Details
- Published By: Sally Preston
- Published On:23 Oct 2025
- Event Name:Death & Taxes Conference
- Session Name:Managing and transitioning trading businesses
- Listen Time:1+ hour
- Took place at:The Calile Hotel & Online
The material is copyright. Apart any fair dealing for the purpose 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.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page