The three silos for tax-efficient business restructuring

In the context of small businesses, a restructure can afford significant advantages ranging from decreased operational costs, increased efficiency and communication as well as simplifying management. Often these restructures involve the disposal of major assets which may incur CGT consequences for the business resulting in an inefficient restructure. In this regard, there are mechanisms available to businesses to reduce your tax liability for restructures. This article will discuss three groups of the most common exemptions our Taxation team uses to maximise the efficiency of business restructures including:

• CGT relief under Subdivision 152 which affords a suite of relief which can potentially extend outside restructures;