2013 Land tax Income tax

Tools for tax effective pre-death structuring and succession planning

Source: South Australia

Published Date: 29 Jul 2013

 

In order to give effect to a client’s estate or succession objectives it is often necessary to pass assets to the next generation before death or to undertake some restructuring pre-retirement or pre-death to ensure that assets can be passed to the appropriate people in the most effective manner. Often income tax, capital gains tax, GST and stamp duty implications are a major hurdle to transfers or restructures of this kind.

This presentation provides some tools for minimising the impact of these costs:

  • commercial considerations in passing assets to the next generation before death
  • common reasons for pre-death restructures
  • CGT small business concessions
  • relevant CGT roll-overs
  •  stamp duty exemptions and relief (for example, family farms)
  • GST considerations for business restructures; 
  • concessions and benefits available if wait until death.

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Details

  • Published By: Ian Snook CTA
  • Published On:29 Jul 2013
  • Took place at:Intercontinental Adelaide

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Tags

2013 Land tax Income tax Succession Capital Gains Tax (CGT) State taxes Estate planning Payroll tax

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