The theme of The Tax Institute’s Noosa Tax Intensive in November 2018 was “Mixing it right from the start to the finish - your client’s journey to sizzling success”.
In her paper presented at the event, Leanne asked “What if you don’t have the right ingredients from the start to achieve what you set out to achieve? What if you have managed phenomenal growth and now you want to exit the business without giving away the value to the taxman?”
Speaking to us before the Intensive, Leanne said " Revisiting the small CGT concessions available and the associated tips and traps with its application will assist in understanding and mitigating the tax cost of either a planned business exit or as part of the implementation of a wider succession planning strategy”.
As an adviser, you may be regularly called upon to review a client’s business structure to ensure that it is meeting the needs of the various stakeholders. Alternatively, a client has an eye on the exit strategy and is looking for ways to mitigate the tax impost on sale. Whether looking to restructure or considering an exit, you will be called upon to evaluate and mitigate the tax cost of the transaction.