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Tax effective liquidations - How to get your money out presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 29 Oct 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

The regulatory and legal issues covered by this presentation include:

  • deregister vs members voluntary liquidation
  • the ATO’s approach as a potential creditor
  • preparing the company for appointment of a liquidator
  • dealing with shareholder credit loan accounts
  • the ATO clearance process – what’s involved, is it a practical concern

The tax planning issues covered by this presentation include:

  • what should be done before appointment, e.g. dividends, returns of capital, release of debts
  • what action should be taken by the liquidator, e.g. in specie distribution of assets, distributionof reserves
  • Section 47 planning and strategies, e.g. different types of reserves, use of pre-CGT reserves and CGT discount/small business concessions
  • achieving insolvency – release of debts, impact on company and impact on related parties
  • stamp duty.

Author profiles

Timothy Clifton
Timothy Clifton is a Chartered Accountant and Registered Liquidator with over 30 years’ insolvency experience across a broad spectrum of industries. He has prepared many reports on the financial position of businesses and provided advice to directors. Timothy is well versed on managing and selling businesses as well as investigating and pursuing recoveries on behalf of creditors. He also has significant expertise in preparing forensic accounting reports regarding quantification of economic loss arising from events such as breach of contract, misrepresentation or business interruption. - Current at 02 December 2022
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Alistair Hutson
Alistair is a Partner in the Corporate Tax Group of PwC in Adelaide. He provides taxation advice and support for corporate clients across areas such as mergers and acquisitions, tax due diligence, capital gains tax, cross-border transactions, international tax structuring, funding decisions and repatriation of profits. Alistair is a member of The Tax Institute’s SA State Council and speaks regularly for professional bodies in relation to tax. - Current at 06 November 2019
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Individual sessions

Tax effective liquidation - how to get your money out

Author(s):  Tim CLIFTON,  Alistair Hutson

Materials from this session:

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