What happens when a family business looks to bring in new investors, particularly as part of long-term succession planning to exit the business and sell to third parties or to management? This session explores the tax and commercial issues that commonly arise in this context, including issues around the CGT implications, value shifting rules, and the employee share scheme provisions.
Featuring: David Marschke, DBM Horizons, Brisbane
[37.58 minutes] [0.63 CPD hours]
Advice given to a client on the choice of a structure for their business can be crucial to the success of the business. In this program, Matthew Burgess, from View Legal, looks at: the broad principles that need to be kept in mind when advising clients about business structures; the advantages and disadvantages the various options; best practice in advising clients on the structures suitable for their particular business; and the potential liability of an adviser if things go wrong.
Featuring: Matthew Burgess, View Legal
[25 minutes] [0.42 CPD hours]
Testamentary gifts play an important role in the ongoing success, and even existence, of many charities. Indeed, recent studies indicate that charitable bequests now account for around 20 percent of the fundraising income of Australian charities. In order to allow charities to benefit fully from the generosity of a testator and avoid unnecessary litigation or unforeseen tax liabilities, charitable gifts must be drafted carefully.
Pensions can be commuted for reasons including to pay a death benefit, to meet the new transfer balance cap rules or to withdraw capital from the super system. This session steps through the tax and SIS rules that will apply to such a transaction, including some practical examples of how a commutation would work in practice and strategies to help manage the tax implications.
Featuring: Mark Ellem, SuperConcepts, Brisbane
[33.10 minutes] [0.55 CPD hours]
Where there has been non-compliance with a family court order an aggrieved party has two possible remedies available to them, contravention proceedings under the Family Law Act 1975, or contempt of court proceedings. In this program, Adam Cooper, from Cooper Family Law in Brisbane, provides a guide to these options, the sanctions that the courts may impose, and practice and procedure requirements that apply.
Featuring: Adam Cooper, Cooper Family Law, Brisbane
[31 minutes] [0.52 CPD hours]
Coronavirus has turned the commercial world upside down and it’s stretching the capacity of the legal system to deal with the resulting problems to its limit. Nowhere is this more true than in the area of conveyancing and leasing. This program looks at the legal implications of the pandemic on conveyancing and commercial leasing practice in NSW.
Featuring: Tony Cahill, Legal Author Commentator, Chatswood, NSW
[42.30 minutes] [0.70 CPD units]
The trust deed is the framework of every self-managed superannuation fund, which can either enable the trustee to efficiently carry out the fund’s purpose, or cause roadblocks. This session explores what a best practice SMSF trust deed would look like; some of the problems a poorly drafted trust deed can create; and issues to consider when updating a trust deed.
Featuring: Lisa To, Bartier Perry, Sydney
[24.14 minutes] [0.40 CPD
The GST withholding provisions for certain types of residential property sales was announced as an integrity measure in the 2017/18 Federal Budget, as a way to deal with phoenixing activity. This session provides a practical exploration of the issues and complexities that have arisen in practice.
Featuring: Simone Bridges, Baker McKenzie, Sydney
[23.11 minutes] [0.38 CPD hours]
Financial statements and offers to settle are both crucial aspect of the conduct and management family law proceedings, and failure to disclose or accept offers can have serious consequences.
The Small Business CGT Concessions are over two decades old now, but changes made in 2018 have significantly changed the way it operates. This session explores how the 2018 changes have panned out in practice over the last two years, and what taxpayers and advisers can do to optimize the use of the concessions going forward.
Featuring: Andrea Carrick, AG Tax Lawyers, Melbourne
[33 minutes] [0.54 CPD units/hours]