Miscellaneous 2007

Getting wealth out of companies

Source: South Australia

Published Date: 3 May 2007

 

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Extracting funds from a controlled company requires strategies that navigate around a trio of pitfalls - tax on the company, further tax on the shareholder and a penalty debit to the franking account. This paper looks at a few of the possibilities for a harmonious outcome, and some of the dissonant dangers that lurk in this territory:

  • accessing retained earnings
  • dividends and dividend access shares
  • stripping and streaming rules
  • capital reductions
  • loans out
  • liquidation of companies
  • redundancy payments and other benefits
  • avoiding the wash-out of concessions.

Individual Session

Getting wealth out of companies

Author(s): Graeme S Cooper FTI
Materials from this session:

Details

  • Published By: Graeme S Cooper FTI
  • Published On:3 May 2007
  • Took place at:Novotel Barossa Valley Resort

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