• Pros and cons of various structures for:
  • succession planning
  • sale by an LPR or beneficiary
• What tax effective options are available to transfer a business to the preferred structure pre death?
• Is an LPR or beneficiary of a deceased estate eligible for:
  • the small business CGT concessions?
  • the 15 year exemption if the deceased had met the requirements?
• Is there a taxing event when a taxpayer who has previously utilised the CGT small business rollover dies prior to end of replacement period?
• How does the active asset test work for an LPR or beneficiary not continuing to carry on the deceased’s business?
• A review of section 152-80 ITAA 1997 as it applies to CGT assets or interests within 2 years of an individual’s death
• Can the small business restructure rollover be used as part of the estate planning process?
• Case studies

Jessica Pengelly, Special Counsel, HWL Ebsworth Lawyers, Adelaide, SA

Jessica is a Chartered Tax Advisor with over 10 years’ experience in tax and revenue law. She works closely with her clients to provide quality, commercial and timely advice.

Jessica practices across a broad range of taxation and revenue law areas, including income tax, capital gains tax (CGT), GST, FBT, Wine Equalisation Tax (WET), excise, superannuation, stamp duty, payroll tax and land tax. She has a particular interest in international tax, corporate transactions, property developments and food, beverage and wine taxation.

Jessica also has extensive experience advising high net worth individuals and family businesses in areas such as succession planning, business restructuring and trust taxation.

Prior to joining HWL Ebsworth, Jessica worked for the ATO and was part of the ATO’s Tax Counsel Network, focussing on international tax and GST issues. Her understanding of tax issues and disputes from the ATO’s perspective gives her clients a strategic advantage when it comes to tax dispute resolution.

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

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.