Recorded Webinar: Restructuring Ownership of the Family Farm: Managing the Tax and Retirement Consequences


29th January 2019

Duration:  approx. 2 hours

Providing advice about succession is an important part of any rural or regional practitioner’s role. When the farm or its assets are transferred to the next generation tax liabilities may be triggered. Primary producers have specific concessions available to them and this session will discuss some of the tax relief and Centrelink benefits available to farmers in the succession process:

  • Transferring the family farm pre or post death - understanding the tax consequences
  • Dismantling corporate or trust entities - extracting profits or share capital tax-effectively
  • Transferring plant, equipment and livestock tax effectively
  • Stamp duty exemptions on transfers of land used for primary production
  • Capital gains tax exemptions, rollovers and asset reductions that are available
  • Triggering a change in pre-CGT status - avoiding unwanted outcomes in the succession plan
  • Family trust operating the farm and excluding beneficiaries - will this trigger stamp duty or CGT liabilities?
  • Tax effective retirement funding for the farming parents
  • Centrelink considerations for the parents when determining the succession plan
Our presenter

David Hughes, Partner, McCullough Robertson, Brisbane

David Hughes is an Accredited Tax Law Specialist (1 of only 5 in Queensland) and Chartered Tax Advisor.

Utilising his 20 years of experience David acts for tax payers from large corporations to SME’s, and individuals. His close working relationship with accountants, financial planners and other tax experts enables him to find the most effective solution for his clients.

David’s direct intervention with the ATO has often resulted in a quick and inexpensive resolution of what could otherwise be a lengthy and expensive court case. Where the ATO proves intractable however, he will litigate where necessary and has successfully run appeals in the High Court, Federal Court and Full Federal Court and the Administrative Appeals Tribunal. His philosophy is that litigation should be the last not the first resort, as is demonstrated by many successful outcomes won both in and out of court.

David is frequently invited to present for conferences and to contribute submissions to the Inspector General of Taxation and the House of Representatives Revenue Review Committee, and is on the QLD Law Society’s Representative to the ATO Legal Practitioners Round Table Forum.


This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email:
Product Code: WBGJAN19
 Price:  $264.00 (Inclusive of GST)
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