Restructuring and Selling the Family Business: Avoiding Costly Tax Mistakes - recorded online conference

Recorded Online Conference,Taxation,Restructuring and Selling the Family Business: Avoiding Costly Tax Mistakes - recorded online conference

23rd October 2019

Duration: 3 hours

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 ABOUT THE RECORDED ONLINE CONFERENCE

You can put your staff in the boardroom and watch it there.  You can watch it on your computer or on your portable electronic device.  All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairperson, a panel of experts, presentations and .
 

Session 1:  Business Restructures – Concessions and Liabilities

Businesses may restructure for a variety of reasons, including to increase efficiency, to tidy up a structure after divestments or acquisitions, or as part of attracting new investors. This session surveys the range of concessions and liabilities that can be triggered by such restructures, including:

·         CGT rollovers

o    Corporate restructuring rollovers (Division 124M and 615)

o    Small business concessions (Division 152, 328-G and 122-A)

·         State tax

o    Landholder duty and transfer duty on non-land business assets

o    Corporate reconstruction relief


Session 2:  Bringing in New Investors in Family Businesses

Outside investors may be brought into a family business for many reasons: additional capital, succession planning, employee remuneration and incentivisation. Whatever the commercial drivers, the tax issues need to be recognised and managed as part of the process. This session examines tax issues that arise from:

  • Investors acquiring majority interests and the tax implications including:

    • Value shifting rules

    • Impact on past losses and the application of the business continuity test

  • Issuing of employee equity and the application of:

    • Division 83A – are the shares eligible for deferred tax?

    • If employees are being offered loans to help fund the purchase of shares, can this trigger Division 7A?

  • What kind of commercial issues may arise where employees have a substantial shareholding, such as voting on Board composition?

  • Implications of management buy-outs


Session 3:  Clearing the Tax Decks – Getting a Business Ready for Sale

There are many tax issues that need to be considered when preparing a business for sale, both from the perspective of offering up a ‘cleanskin’ entity and to arrange the most tax efficient transaction. This session explores the tax aspects of a transaction including:

  • Preparing a clean entity for exit – mitigating or removing latent tax liabilities relating to:

    • Payroll tax

    • Land tax

    • Tax consolidation

  • Does the taxpayer need to provide any voluntary disclosures as part of preparation process?

  • Optimising chances of rollovers:

    • How to avoid clawback of duty/rollover relief?

  • Preparing vendor due diligence – what are the key questions to ask?

 THE FACULTY

Kevin Munro, Principal, Munro Lawyers, Sydney (Chairperson)

Neil Brydges, Principal, Sladen Legal, Melbourne

Denise Tan, Senior Associate, Sladen Legal, Melbourne

David Marschke, Principal, DBM Horizons, Brisbane

Ross Higgins, Partner, Mills Oakley Lawyers, Melbourne

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 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD

This online conference is suitable for lawyers and accountants. Lawyers can claim up to 3 CPD units/points – substantive law.  Accountants can claim up to 3 CPD/Training hours.

EARLY BIRD REGISTRATION OFFER

If you register and pay by 20 September 2019 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au



© Television Education Network Pty Ltd 2020

Product Code: KTXOCT19
 Price:  $550.00 (Inclusive of GST)