Asset Accumulation

Please note that these are selected references to assist you to get an idea of the major issues involved in Asset Accumulation Planning so that you can research them further.

Obviously this is designed to give you a general understanding of the situation and not intended as an exhaustive research source. You should obtain professional advice before acting on any information source.

Business Start Up
There are all kinds of things to consider when you are starting up a business, but the most important thing is to get the structure right. Choosing the right structure will depend on the kind of activities you intend to undertake, what kind of assets will be involved and what form of income will be generated.
Author: Geoffrey Bartels
Firm: Geoff Bartels - Business Lawyer
Date: 7/11/2005 3:28:25 PM
Times viewed: 843

Stamp Duty Relief for Corporate Reconstructions
Significant developments in stamp duty legislation across Australia have occurred in recent months. This is an outline of the various corporate reconstruction relief regimes that apply throughout Australia. We also summarise the more important changes resulting from recent legislative amendments and state and territory budget announcements.
Author: Adrian Chek and Heran Kim
Firm: Allens Arthur Robinson
Date: 7/8/2003 11:01:13 AM
Times viewed: 283

GST and the 'Going Concern' Exemption
This important exemption will be discussed in the light of the ATO's current ruling GSTR 2002/5 ("the Ruling"). The Australian Taxation Office ("ATO") has baffled taxpayers with its interpretation of this exemption by partially withdrawing and then completely withdrawing its previous ruling GSTR 2001/5.
Firm: TurksLegal
Date: 1/22/2004 11:44:46 AM
Times viewed: 645

Sale of a Business
Are you looking to sell your business? To make sure you get a good return on the sale, there are a number of issues you should consider.
Firm: Alexander & Associates Solicitors
Date: 8/17/2004 3:34:12 PM
Times viewed: 334

Buy/sell agreements
A buy/sell agreement is a contract usually entered into between business partners pursuant to which the surviving partners are bound to buy out the other partner's interest in the business should a specific event occur. Specific events which may trigger a buy/sell agreement include death, divorce, long-term disability, retirement or bankruptcy.
Firm: RetireLaw
Date: 5/6/2003 10:43:24 AM
Times viewed: 907

Asset Protection & Tax Planning
In a recent decision of the Full Federal Court of Australia ( Commissioner of Taxation v Mochkin [2002] FCAFC15 it was held that the taxpayer conducted his business via a corporate entity for the dominant purpose of asset protection and limited liability and not the accompanying taxation advantages.
Author: Ian Paul
Firm: GWM Lawyers
Date: 4/30/2003 3:36:20 PM
Times viewed: 160

Choosing the right business structure for your business
A simple introduction to the various ways that you can structure your business: sole trader, partnerhip, and company.
Author: Tina Doan
Date: 3/19/2001
Times viewed: 800

Company Restructuring Under the Duties Act
The new Duties Act, which commenced on 1 March 2002, contains a broad stamp duty regime for "corporate reconstructions". To qualify for any exemption a threshold test has to be passed, namely, that through a transaction, property is transferred for the purpose of changing a corporate structure to make internal adjustments. It cannot be undertaken for another purpose.
Firm: Deacons
Date: 6/19/2002 11:18:48 AM
Times viewed: 154

New CGT Free Demerger Rules
The Government has finally tabled a bill to implement the tax free demerger proposal flagged in the Ralph Report. The rules are contained in the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Bill 2002 introduced into Parliament on 27 June 2002.
Author: Philip Diviny
Firm: Middletons Lawyers
Date: 9/26/2002 12:29:17 PM
Times viewed: 191

Partnerships and GST
A discussion of the main GST issues for partnerships, in cludinng, who need register, multiple enterprises, partner expenses and liability and recovery.
Author: Peter Hill
Date: 3/9/2001
Times viewed: 384