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  Capital Gains Tax (CGT) Employee share schemes Trusts

Succession planning for professionals

Source: Victoria

Published Date: 11 Oct 2012

 

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To ensure a professional practice thrives and successfully continues into the future, succession planning is critical. This paper looks at recent developments and income tax issues associated with:

  • admissions – without new equity admissions, the practice dies
  • exits – issues surrounding an equity holder’s exit/retirement
  • selling the business – what are the income tax issues involved in selling equity/business?
  • key issues in merging two practices.

These are looked at in terms of the common structures for both “goodwill” and “no-goodwill” practices.

Author(s)

Individual Session

Succession planning for professionals

Author(s): Mark Northeast CTA
Materials from this session:

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Capital Gains Tax (CGT) Employee share schemes Trusts 2012

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