Family business restructure for the next in line

If you’re thinking about hanging up your hat and passing the business on to the next generation, is the current business structure the right fit for the next in line?

Evan Beissel, Tax Partner at Mazars, says it might be worth considering a restructure. He says a major factor in business restructures is tax, which can be mitigated by using the right concessions, including CGT rollover concessions.

 

 

Published: 12/01/2022

Audio by Business Essentials Daily. For more Business Essentials Daily podcasts visit: https://bedaily.com.au/episodes/