Overview
Risk is a critical consideration for all modern business owners. In many ways, the level of risk associated with operating a successful and compliant business in Australia has never been higher – particularly if we consider the relative weakness of the underlying Australian economy, fledgling consumer confidence and the increasing complexity and regulation of the business environment.
It makes sense, therefore, that every individual appreciates how their involvement in business impacts their personal lives. While it may be possible to restructure one’s affairs to reduce their overall exposure to risk, it is equally important to understand that there may be adverse tax implications that arise alongside any risk restructure.
The aim of this article is to provide insight into some of the planning options which may be available to address both concerns. Please click Protecting assets without triggering tax liabilities to continue reading the article produced by McCollough Robertson Lawyers in relation to protecting assets without triggering tax liabilities.
Disclaimer
This article was written by John Ioannou, Hayden Bentley, Mark Lowis and Georgia MacGinley of McCullough Robertson Lawyers.
This information is provided as a guide only and is not intended to constitute advice whether legal or professional. You should obtain appropriate advice concerning your particular circumstances.
** Information current as at publishing date.
