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Buy/ sell and key man insurance presentation
Published on 18 Oct 08
A buy-sell agreement is an agreement under which the proprietors of a business contract to buy the equity or interest of another proprietor in the event of death/trauma or total or permanent disablement. To finance the transfer or the equity, the parties usually take out some form of insurance. This presentation looks at key tax and commercial issues associated with buy-sell agreements, with special focus on:
- self insurance and insurance trusts
- using super funds for this purpose
- share buy-back and unit redemption traps
- when equity is held by trusts but insurance proceeds are paid to individuals.
Author profile
Paul Hockridge CTA
Paul Hockridge, CTA, is the Principal of Hockridge Advisory. He has worked for the ATO, a large law firm, has been a partner in medium and Big 4 chartered accounting firms and has over 30 years’ experience in tax, asset protection, estate and succession planning. Paul’s niches include litigation support, property development and FBT and salary packaging. Paul specialises in advising high wealth families and closely held businesses, as well as providing support for a number of accounting and law firms. Paul maintains a practicing certificate as a legal practitioner in Victoria, is a fellow of Chartered Accountants Australian and New Zealand, is senior fellow and teaches in the Masters program in the Law School at the University of Melbourne and is a chartered tax adviser. He sits on The Tax Institute’s FBT and Employment Taxes Committee and was an original contributor to The Tax Institute’s book, Estate and Business Succession Planning. Perhaps Paul is best known as a regular presenter at local, State and National Tax Institute conferences.
- Current at
10 December 2024
This was presented at 2008 Tasmanian State Convention .
Get a 20% discount when you buy all the items from this event.
Individual sessions
The new regulatory regime for tax practitioners
Author(s): Gordon S COOPERMaterials from this session:
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Modern day trust structures
Author(s): Daniel SMEDLEYMaterials from this session:
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Taxation implications for not-for-profit entities
Author(s): Meagan O'CONNORMaterials from this session:
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Superannuation: contributions, voluntary cashing and death
Author(s): Vesna PAVLOVICMaterials from this session:
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Bankruptcy update
Author(s): Brett HARRISONMaterials from this session:
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Buy/ sell and key man insurance
Author(s): Paul HOCKRIDGEMaterials from this session:
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Tax litigation and audit strategies
Author(s): Sue WILLIAMSONMaterials from this session:
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Division 7A – The Commissioner’s discretion
Author(s): Arthur ATHANASIOUMaterials from this session:
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State taxes/stamp duty–Legal practical issues
Author(s): Tim TIERNEYMaterials from this session:
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GST & property development
Author(s): Andrew HOWEMaterials from this session:
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Outbound structuring for SMEs
Author(s): Denise HONEYMaterials from this session:
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