Tax changes to buy-sell agreements: it’s good and bad news
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Running Time: 7:15
Recent changes in legislation to buy-sell agreements provide some interesting food-for-thought to business owners.
Tax advisor, Michael Jones, looks at the good and not-so-good outcomes to current tax rules when it comes to protecting your business interests. Buy-sell agreements help smooth things over when a co-owner in a business is suddenly gone. Michael dissects the new rules, with watchouts around the payment of insurance out of self-managed super, but with good news - and clarity at last - around insurance proceeds from life insurance trusts.
Topics: Accounting & Tax
Michael Jones, Cummings Flavel McCormack