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  Capital Gains Tax (CGT) Division 7A FBT

What happens when it all goes wrong?

Source: South Australia

Published Date: 2 May 2013

 

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Your business is successful but do you have a succession plan installed and ready to go in the event of unforeseen illness, exit or death? What do you need to consider? The sale or transmission of the business assets – who pays for it and can they afford it? What is the mechanism for dealing with the exiting party,and who values the share of income/assets? These are just a few issues that succession strategies will need to consider.

This paper covers following issues:

  • types of buy/sell agreements, including mandatory, conditional and put/call options
  • various funding tools, including insurances and ownership of these
  • tax issues, including deductibility, CGT, FBT, Div 7A and stamp duty
  • the use of SMSFs.
Author(s)

Individual Session

What happens when it all goes wrong?

Author(s): Paul Hockridge CTA
Materials from this session:

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Details

  • Published By: Paul Hockridge CTA
  • Published On:2 May 2013
  • Took place at:Novatel Barossa Valley Resort

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Capital Gains Tax (CGT) Division 7A FBT Estate planning Succession Income tax 2013

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