In our previous series, the 'Structure Series', we discussed the benefits of the various structures available, being family/discretionary trusts, companies, individuals, or unit trusts.
If you missed out, here are the links to those tax tips:
In this series, the 'Restructure series', we discuss how to implement the various structures through the lifespan of a business from setup to growth to exit and how to restructure to achieve that purpose.
Tax Tip
We are more than open to any comments you may have. Our opinion is as follows:
set up phase = family/discretionary trust
growth phase = restructure to a company
exit phase = restructure to a holding company
In any restructure, there are generally three (3) main considerations:
tax;
stamp duty; and
administration e.g. ABN, TFN, bank account, employees, supplier & creditor agreements.
Our upcoming tax tips will deal with each phase and each of the 3 considerations. In particular, the CGT rollovers available to minimise (if not eliminate) the tax.
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