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International Tax Series - Part 5: One of founders retires

Published on 04 Nov 2020 | Took place at Online, National

This session covered the following:

  • how do they exit – redeem/cancel shares/buy back shares
  • amend trust deed etc – and how do they get their funds?
  • how does remaining founder fund the acquisition?
  • impact of structure above the line (ie above AusCo), eg cash repatriation, access to CGT discounts, family trusts etc
  • returns of capital vs dividends etc
  • impact of change of ownership on tax attributes in group (ie tax losses), if any.

Individual sessions

One of the founders retires

Author(s):  Clint Harding,  Micaela Bernfield

This paper covers:

  • share buy-back
  • returns of capital v dividends
  • borrowing costs to fund distribution
  • renouncing interest in discretionary trust
  • tax losses.
Materials from this session: