Tax Issues in Corporate Simplification

Prior to embarking on Corporate Simplification or the liquidation of a company, it is important to consider the tax effect that will result from the distribution of assets to shareholders with a view to minimising any tax liabilities.  Issues will include the following:

• Are there any capital gains tax implications to the shareholders?
• Does the company have available franking credits?
• Are there any stamp duty implications?
• Will any tax losses or capital losses lapse as a result of liquidation?
• Will the distribution of assets be taxable as a deemed dividend?
• Will a company shareholder be entitled to a dividend rebate?
• Can the company claim any capital gains tax rollover relief?

It can be a complicated area.  If you would like FREE ADVICE on any of the above issues why not CALL US NOW.

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