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Restructuring tricks and traps
Published on 01 Apr 19 by "THE TAX SPECIALIST" JOURNAL ARTICLE
Advising professionals in relation to their professional practice structuring and restructuring requires navigating a number of highly complex tax provisions. It also requires a highly fact-specific and nuanced application of those tax provisions that has regard not only to the what the tax outcome is, but also to ensuring that each professional’s commercial and practical objectives can be achieved. As we await further guidance from the ATO, there remain many areas of uncertainty and risk associated in advising on options around restructuring. That uncertainty and risk cannot be eliminated but it can be mitigated. The aim of this article is to assist in mitigating that risk by providing an overview of some of the commercial and tax considerations that ought to be taken into account in relation to professional practice restructuring and tricks and traps associated with the same.
Author profile
Megan Bishop
Megan Bishop is Tax Partner at Piper Alderman specialising in tax risk management and disputes. She represents Taxpayers that are under review by the ATO or other regulators to advocate for and defend their positions as filed. She has represented taxpayers in all Victorian and Federal Courts, as well as some other State Courts and has been involved in some of the most high profile and precedent setting matters over the last few years. Her areas of specialisation include: employment taxes, trust related tax issues, residency, the R&D tax incentive and anti-avoidance provisions. - Current at 09 June 2025
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