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  Miscellaneous 2008

Selling out - Tax issues for the baby boomer making a sea change/tree change

Source: National

Published Date: 15 Mar 2008

 

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The success of the baby boomer generation comes with some tax headaches - with many wanting to move towards a more relaxed lifestyle it will be important that advisers are aware of the myriad of tax issues that will need to be addressed to ensure that the sea change is a happy one and not too taxed. Case studies in this paper examine:

  • ways of selling out of the business:
    • using small business CGT concessions for best advantage
    • sell the business or the shares?
    • which concession works best for you?
    • liquidating the family company
    • dealing with businesses owned by trusts
  • intergenerational change - should I set up a testamentary trust in my will?
  • superannuation - tax free money for life?
Author(s)

Individual Session

Selling out - Tax issues for the baby boomer making a sea change/tree change

Author(s): Brenton Ellery
Materials from this session:

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Details

  • Published By: Brenton Ellery
  • Published On:15 Mar 2008
  • Took place at:Adelaide Convention Centre

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