Business Succession

Key Personal Capital Insurance and Capital Gains Tax

Key Personal Capital Insurance and Capital Gains Tax

I recently was invited to speak at the Business and Estate Planning Specialists annual conference in Cairns. One issue raised, was whether there was any way to limit exposure to Capital Gains Tax for the reduction of debt in a business, from the payment of Key Person Capital, or Debt Reduction, Insurance. This is a very […]

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Capital Gains Tax and Life Insurance Policies in Business Wills

Capital Gains Tax and Life Insurance Policies in Business Wills

I was recently asked to give a presentation for Business and Estate Planning Specialists. This company specialises in selling risk insurance for businesses and individuals. They had asked that I explain to their team the taxation implications for various forms of life insurance policies. One issue that was discussed is why it is so important […]

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A Horror Story: Why Having a Business Will is Important

A Horror Story: Why Having a Business Will is Important

A Business Owner dies without a business Will and personal Will, leaving his wife and business partners in financial difficulty. I recently spoke with a colleague who relayed a tale of woe about a business owner he knew who passed away recently. About 5 years ago the deceased (Partner A) and his business partners (Partners […]

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