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Recorded Webinars

Recorded Webinar: Handing Over to the Next Generation: Tax Consequences of the Succession Plan

Succession planning may involve passing control of business or investment entities over to the next generation. This may be during the lifetime of those passing the control or by way of estate planning on death. Either way, consideration of the tax implications should be a signif
PRESENTED BY Adrian Bailey Principal - Cleary Hoare , Sydney

Date/Time

About the Webinar

Succession planning may involve passing control of business or investment entities over to the next generation. This may be during the lifetime of those passing the control or by way of estate planning on death. Either way, consideration of the tax implications should be a significant part of the process. This session explores these issues, including:

  • Restructuring options available and the tax consequences, including:
  • using CGT rollovers and interposing a new company to manage dividend payments and “top up” tax
  • whether a two step restructure/rollover process to achieve a result could attract a part IVA issue?
  • Timing of CGT event when a binding agreement is entered into (Confidential and Commissioner of Taxation [2013] AATA 76 (15 February 2013))
  • Strategies for trust assets and adult children wanting to go separate ways
  • Issues to consider for pre CGT assets in a:
  • trust
  • a company – can liquidation be useful?
  • Family trust and interposed entity election issues
  • Unbundling assets – when can a share buy back be a useful option?
  • Can the principle used in Fischer v Nemeske Pty Ltd [2016] HCA 11 be used to earmark funds in a trust for particular beneficiaries on death of testator?
  • Case studies including:
  • Blended family
  • Rural family

Presented By

Adrian Bailey
Principal, Cleary Hoare Sydney, NSW

Adrian lives in Sydney and is the Managing Principal of Cleary Hoare. He joined Cleary Hoare in 2007 and became a Principal in 2011.

Adrian holds a Masters of Taxation and is a Chartered Tax Adviser with the Taxation Institute of Australia. He has had involvement with a number of committees for the Taxation Institute of Australia, NSW Law Society Revenue Committee as well as the Board of Taxation small business working group in relation to tax reform. He regularly gives presentations directly to clients, accountants, financial planners and lawyers on all areas of the law that Cleary Hoare practice in and is a preferred speaker for CPA Australia.

Adrian particularly enjoys working in structuring client's and dealing with their estate & succession planning as well as commercial law issues.

Who Should Attend?

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.

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law . This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

Enquiries/Assistance

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]

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