Or move to New Zealand. No CGT there. On Sat, Oct 8, 2011 at 18:20, Jeromy Evans <jeromyev...@gmail.com> wrote:
> Hi Adam, > > Unfortunately I can't comment on a major capital event, but the basics > are: > - CGT is generally assessed in the year the capital event occurred > - it's assessed at your personal assessable income tax > - the levers you use to control your assessable personal income in > that year apply (eg. if you can control the timing of the event, plan > for it. You can take a long holiday. You can offset it against other > deductible expenses in the same year.) > > But really, your share entitlement should be owned by a trust that > enables the trustee to recallocate the capital distribution before it > hits anyone's personal income. For example, the trust that i'm a > beneficiary of (ie. the investor in my company) can distribute the > capital benefit to *any entity* related to me (my future super fund, > my other (future) companies, other trusts I'm a beneficiary of and my > relatives). That provides a lot of control that you don't have if the > shares are in your personal name. Experts would likely know how to > set this up in anticipation of a CGT event, but this must be much more > difficult to than getting it right before the shares have a > substantial value. > > Regards, > Jeromy Evans > > On Oct 8, 4:09 pm, Adam Rands <adamra...@gmail.com> wrote: > > Hey guys > > > > I'm interested to learn about any *legitimate* share holding or > > selling structures people have used to minimize or avoid Capital Gains > > Tax when selling their company. > > > > Hoping people are willing to share their experiences... > > > > Best > > > > - Adam > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > -- Geoff McQueen Founder & CEO Hiive Systems Phone: 1.877.425.7315 (US) - 1800 2 44483 (AU) Cell/Mobile: 650.450.4384 (US) - 0414.678.466 (AU) -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en