Tools to tune your structure
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  Running Time: 8:48 Date: 01/07/2014 Changing your business structure? Here's how to protect your assets without a hefty tax bill. Sometimes the business structure you started out on is no longer suitable, but making a change can incur a tax burden that you'd frankly rather do without. So what should you do? Michael Jones says it comes down to applying the right tools, and there are several options. Take roll-overs, for example: if you're an individual, you can roll your assets into a company in exchange for shares, and without tax consequences. The same applies with trusts. Then there are the small business CGT concessions - again, they allow you to move assets without paying tax. There's tax consolidation, and even the superannuation rules provide opportunities to change asset ownership tax-free. But of course, you must act within the rules in all cases. Michael Jones explains more. Topics: Accounting & Tax |
 Michael Jones, Cummings Flavel mcCormack |