Family groups and succession planning
Tax and cash flow planning for families with companies, trusts and investments, and planning for succession.
When a family's affairs grow to include a business, a family trust, an investment company and a self-managed super fund, each entity affects the others. Decisions made in one place have tax consequences somewhere else.
We look after the whole group together. That means coordinated tax and cash flow planning across every entity, and planning ahead for how the business and assets will pass to the next generation. Where legal or investment advice is needed, we work alongside your solicitor and adviser so everyone is working from the same numbers.
What we look after
- Family group structures
- Accounting and tax for groups of companies, trusts, partnerships and individuals.
- Tax planning
- Planning across the whole group each year, including trust distributions and timing.
- Cash flow planning
- Making sure each entity can meet its obligations, and money moves between them correctly.
- Succession planning
- Planning for retirement, handing over a business, or passing assets to the next generation.
- Working with your advisers
- Coordinating with your solicitor, financial adviser and bank so advice lines up.
- High-net-wealth individuals
- Tax and reporting for individuals with significant investment and business interests.
Who this is for
- Families with a business and investments held across several entities
- Business owners planning retirement or a handover
- Families with a family trust or investment company
- Individuals with substantial investment portfolios
Questions about family groups and succession planning
When should we start succession planning?
Earlier than most people think. Transferring a business or assets can trigger capital gains tax, stamp duty and other costs, and many concessions have conditions that take years to meet. Starting several years ahead gives you the most options.
Do you prepare wills or legal documents?
No. We handle the tax and accounting side and work closely with your solicitor, who prepares wills, trust deeds and other legal documents.
Talk to Babu about your tax
Book an appointment at Bella Vista or Holder, or send your question on WhatsApp and get a reply from the person who will do the work.
Prefer to call? 0434 123 701