Getting money out of companies presentation

Published on 26 Aug 04 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

This presentation covers the intricacies of distributing or liberating wealth from continuing companies including:

• the advantages of schemes of arrangement in complex client structures
• what to do to deal with value shifting traps
• dealing effectively with possible debt forgiveness implications
• structuring and optimising capital reductions / buybacks - avoiding assessable dividends
• capital benefits and dividend streaming implications.

This was also presented by Michael Hennessey at the Roadmap to Business Structures seminar held in Brisbane on 19 November 2004.

Author profile

Paul Sokolowski CTA

Paul is a partner at Arnold Bloch Leibler, and is the national leader of the firm’s taxation practice. Paul advises clients, including high-net-worth individuals, large private groups and public entities in tax reviews, audits, disputes and litigation, and in domestic and international transactions. Paul is a regular speaker and writer for the Tax Institute, and other organisations and publications. He actively contributes to tax policy, legislative, technical and administrative development and debate. In March 2019, Paul won The Tax Institute’s 2019 Chartered Tax Advisor of the Year Award. - Current at 16 June 2022

More by Paul SOKOLOWSKI

• Navigating the trustee’s annual minefield paper - 17-June-2021
• Individual tax residency update paper - 15-October-2020
• Who would want to be a company director? Duties, obligations, and liabilities in a tax context paper - 11-March-2020
• Lessons to be learned for litigators from tax cases in the last 12 months paper - 15-August-2019
• Member profile: Paul Sokolowski - 01-August-2019
• Section 100A: What are ordinary family and commercial dealings, and will they save you? paper - 17-March-2016
• “Nurturing willing participation” - The 2014 offshore voluntary disclosure initiative: A contextual, situational and comparative analysis paper - 09-October-2014
• The penalty provisions and their administration: Living meaning or dead letter? paper - 26-March-2014
• Dealing with Division 7A disasters paper - 23-August-2012
• Fear and loathing in Division 7A: A savage journey to the heart of the UPE dream paper - 28-October-2010
• The administrative penalty regime - A swinging reminder or just swinging paper? - 05-March-2010
• Unlocking value from private companies: Ten things you might want to know but were too afraid to ask paper - 07-May-2009
• Section 45B: dealing with Frankenstein's creature paper - 10-August-2007
• Playing the tax theremin: private groups and demerger and scrip for scrip tax relief paper - 17-March-2007
• HWI audits: the long and winding road paper - 06-October-2006
• Legal professional privilege and the Commissioner's Guidelines for Accountants' working papers convention paper - 10-September-2004
• Getting money out of companies seminar paper - 26-August-2004

Click here to expand/collapse more articles by Paul SOKOLOWSKI.