Feathering the retirement nest

Shareholders of small family companies incorporated before September 20, 1985, may be at an age where retirement is an imminent option. Many of these companies may be holding pre-CGT assets and post-CGT assets that may have increased substantially in value. Appropriate tax planning strategies will n...

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Bibliographic Details
Published in:Australian CPA 2000-08, Vol.70 (7), p.68
Main Author: Prince, Jim
Format: Article
Language:English
Subjects:
Accounting records
Capital gains
Family owned businesses
Retirement
Retirement planning
Small business
Stockholders
Tax planning
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Summary:Shareholders of small family companies incorporated before September 20, 1985, may be at an age where retirement is an imminent option. Many of these companies may be holding pre-CGT assets and post-CGT assets that may have increased substantially in value. Appropriate tax planning strategies will need to be put into place, to ensure shareholders receive these profits in the most tax-effective manner.
ISSN:1832-0899