Event details

The changes to company tax rates and small business CGT concessions for shares and units are complex and confusing and will have wide reaching and often unexpected consequences. Many (including advisers) are not aware of the full impact of these changes.

For example, it will become common for a corporate beneficiary of a trust to pay top up tax on a dividend distributed to it (because the dividend is taken to be passive income).

In this seminar we will use examples to discuss changes to company tax rates including:

• how to calculate the rate of tax for a private company for a particular year
• how to calculate the maximum rate that can be attached to franked dividends paid in a particular year
• the adverse impacts that these changes are having on typical SME structures
• the circumstances where can we maintain the benefit of the 30% franking credits.

The new rules relating to small business CGT concessions will alter how we structure SMEs.

We will also discuss:

• how these new tests are applied
• what to consider when structuring clients to provide the best opportunity to access the concessions in spite of the new rules.

We look forward to seeing you there.