Economic downturn? Check.
Stock market blues? Check.
Depressed asset prices? Check.
The current economic downturn is a golden taxation opportunity
for businesses considering a restructure.
Operating a business through the right structure is essential
for many reasons, including asset protection, distribution
flexibility and capital gains tax concessions that apply to a
future sale.
Many businesses are established using the wrong structure.
Historically, businesses that have been operating for many years
have been reluctant to restructure. Changing structures can trigger
stamp duty and capital gains tax liabilities.
Current low asset prices may significantly reduce the stamp duty
and capital gains tax liabilities otherwise payable for businesses
that restructure now.
