Although a business may often commence in a family trust structure, this may not be ideal when parties are reviewing their estate plan and considering how it will pass onto the next generation. This session uses a case study to consider options for effective restructure of a family business held in a discretionary trust structure, including:
What factors need to be considered when determining the optimal structure?
Provisions for new parties:
is the structure appropriate
what are the terms of buying in
what consideration has been given?
what is the funding mechanism for the buy in? If a loan, what happens if the plan goes pear-shaped?
What are the pros and cons of different structures?
Are the Division 122-A rollover or the small business rollover available?
George Kolliou, formerly principal of Kolliou Tax Lawyers, has worked in the taxation field for over 30 years, firstly as an accountant and then as a lawyer. George's special area of interest is the intersection of taxation and trust law particularly in the SME context.
George regularly presents at tax conferences on SME taxation issues and writes for various professional journals. He has also co-authored the Australian Trusts Tax Handbook published by Thomson Reuters.
This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]