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 presentation 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.