Tax Effective Extraction of Retained Earnings from "Dormant" Private Companies

Published on 22 Oct 2015 | Took place at Leonda by the Yarra, Hawthorn, VIC

The tax effective extraction of retained profits from private companies has been and continues to be one of the greatest challenges for SME taxation advisers. The top-up tax goal posts have recently moved, and further changes are expected. This event covered:

• changes impacting the top up tax rate: corporate tax rate reduction
• franking credit refunds through SMSF shareholders
• Division 7A secured and unsecured loans
• share cancellations, reductions and buy-backs
• dividend access shares, dividend streaming, dividend stripping and value shifting
• capital payments anti-avoidance provisions: sections 45A and 45B issues
• pre-CGT assets and shares
• dealing with capital losses.