1.25 CPD hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $180.00 excl. GST

Description

This webinar considers how recent tax reforms impact on the way in which closely-held companies are taxed. These reforms include changes to the look-through company eligibility requirements, the tax-free distribution of associated person capital gains and changes to the tax treatment of the remission of debt. Worked examples will be used to illustrate the effect of these reforms on structuring decisions (including the conversion of ordinary companies into look-through companies), liquidation issues (including the timing of distribution of associated person capital gains) and restructuring debt.

LEARNING OUTCOMES

You will:

  • Understand structuring options available to closely-held companies, including converting ordinary companies into look-through companies.
  • Learn when capital gains can be distributed tax-free on liquidation, and understand the impact of recent tax reforms to limit the scope of associated person capital gains.
  • Learn how recent tax reforms to prevent debt remission income arising will apply to closely-held companies.

SUITED TO

Accountants, tax lawyers, commercial lawyers, property lawyers and others who advise clients on commercial transactions.

ORIGINAL BROADCAST DATE

6 April 2017

PRESENTER

Stephen Tomlinson, Partner, Tomlinson Law