Miscellaneous 2007

Succession planning

Source: New South Wales

Published Date: 24 May 2007

 

Often the most overlooked area of running a business - what happens when one co-owner dies or wants to leave the business? What are the key things you need to do to provide for succession planning with arm’s length business partners or with intergenerational family transfers, including:

  • tax issues for trading stock, depreciable assets, CGT assets
  • buy-out by co-owners
  • income tax issues for off market buy backs of shares
  • intergenerational transfers
  • use of insurance policies, buy sell agreements and use of put and call options, timing of CGT event under contract, conditions precedent to formation.

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Individual Session

Succession planning

Author(s): Jo-Anne Hotston CTA
Materials from this session:

Details

  • Published By: Jo-Anne Hotston CTA
  • Published On:24 May 2007
  • Took place at:Hilton Hotel, Sydney

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