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Handing over to the next generation presentation

Published on 24 Nov 22 by NATIONAL DIVISION, THE TAX INSTITUTE

Succession planning and dealing with intergenerational businesses can often be one of the most complex area for practitioners in the Private Groups space. The commercial and family dynamics regularly drive the outcomes, with tax considerations being secondary to the main objectives. This presentation covers off some of the common tax and commercial considerations in transitioning businesses between generations and family members, including:

  • Remuneration of family members active in business operations
  • Dealing with pre and post CGT shares or trust interests [including K6 Events]
  • CGT Rollovers
  • Share buy-backs and dividend stripping
  • Establishing Family and Corporate Boards and;
  • Protecting remaining shareholders or beneficiaries.

Author profiles

Jonathan Ortner FTI
Jonathan Ortner, FTI, Jonathan Ortner is a partner in Arnold Bloch Leibler’s taxation group and practices in all areas of direct and indirect tax with a particular focus on the taxation of trusts, cross-border tax issues and corporate income tax (including mergers and acquisitions, capital management strategies and corporate restructures). Jonathan advises a range of clients, including ASX listed companies, family offices, high-net-worth individuals and large private groups. He also manages complex tax disputes with the Australian Taxation Office at all stages of the lifecycle, including through the Australian courts. Jonathan is a keen and active member of the tax community. As well as presenting on tax topics at various sessions and authoring a number of published articles, papers and bulletins, Jonathan is the Chair of the Tax Institute’s SME committee, a former member of the GST committee and the co-chair of the ATO’s Private Groups Stewardship Group. Jonathan is also recognised as a key tax lawyer in the Legal 500 Asia Pacific and is recommended by Who’s Who Legal: Australia and New Zealand 2023 report, in the area of corporate tax. - Current at 27 May 2026
Click here to expand/collapse more articles by Jonathan Ortner.
Christine Fleer
Christine Fleer is a partner of Arnold Bloch Leibler with the firm’s corporate & M&A and private clients practices. She has a diverse practice, providing legal and strategic advice to some of Australia’s wealthiest individuals, entrepreneurs, and family groups, as well as to global hedge funds, ASX-listed companies and insolvency administrators. Christine is recognised as a leading Corporate and M&A lawyer in Legal 500 Asia Pacific. She has been a finalist in the Lawyers Weekly Australian Law Awards for “Commercial Partner of the Year” and is also recommended in Doyle’s Guide for commercial law and wills, estates and succession planning. - Current at 04 July 2023

 

This was presented at Private Business Tax Retreat .

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