Those of us advising small business owner clients need to have a strong awareness of how the small business CGT concessions intertwine with superannuation.
This session provides practitioners with the information they need to engage in strategic pre-emptive discussions with clients as they approach or contemplate the sale of their business.
We focus on how using the small business CGT concessions can boost an individual’s superannuation savings, including:
Income Tax Intensives – Structure, Succession and Concessions.
2. The Succession Plan
3. CGT and small business tax concession
For clients with expanding businesses, the choice of structure is critical in determining the current and future taxation outcomes that will arise in administering and determining taxation matters.
Whilst at face value the transfer of assets and businesses are the subject of capital gains tax, the myriad of rollover concessions may give rise to deferral of such an impost.
This session discusses the most relevant concessions and raises the common planning issues that advisers in such circumstances should be aware of.
2. The Succession Plan
Established businesses that have grown in which the founders come to retirement or a phase in which they would like to ‘step away’ from the day-to-day operations of the business require considerable attention in how to manage the ‘hand over’ to the new generation.
The critical questions of whether to hand over before final retirement and in which manner to do so, and in which entity structure that it is best undertaken, are all issues an adviser needs to consider in advising clients.
This session provides a high level overview of the issues involved and the matters to be aware of in determining the best outcomes for your client.
3. CGT and small business concessions
The CGT small business concessions and their application are a particularly challenging legislative area where a close reading and understanding of the concessions are vital in advising clients. This session reviews the concessions and discusses common pitfalls and alternatives that an adviser may need to be aware of when utilizing the respective concessions.
Join us to discuss the foregoing and enhance the opportunity to provide outcomes to clients in the said circumstances.
Presented by: Phillip London & Natasha Panagis