The Australian Financial Review --- Page: 16 : 15 December 2007 No author supplied for original article
LexisNexis Summary
The restructuring of an Australian family business can have tax consequences. From a legal perspective, it is necessary to assess the impact of the changes on the interests and rights of each shareholder and business entity. Changes to these rights are particularly likely to have an effect on the capital gains tax (CGT). Creating new entities within the family company can have operational and asset-protection advantages, but shifting assets between entities can have repercussions for the CGT, goods and services tax and stamp duty.
