Non-assessable amounts: what happens when these are paid out of entities?


There has been a lot of activity over the past 12 months in relation to property and business asset sales. This has resulted in entities having exempt capital gains representing the general 50% discount, as well as the small business CGT concessions. In this webinar, partner Linda Tapiolas will highlight the traps and tips to consider when paying out non-assessable amounts from entities, with case studies featuring her Dobermans, Bossie and Phoebe.

[Running time: 1 hr]



After this webinar, you will be able to identify:

  • which amounts may be paid out of companies as capital rather than income on winding up
  • how to tax effectively extract exempt capital gains from companies
  • what to consider when contributing funds to companies to avoid potential unfranked amounts being paid out to shareholders
  • how trust income may be defined to avoid distributing non-assessable amounts to corporate beneficiaries
  • which amounts paid out of unit trusts will trigger CGT event E4 issues for unitholders.



Copy link
Powered by Social Snap