Tax changes to buy-sell agreements

Listen to a Preview

Update Required To play the media you will need to either update your browser to a recent version or update your Flash plugin.

Running Time: 6:44

Date: 01/02/2016

Recent changes in legislation to buy-sell agreements provide some interesting food-for-thought to business owners.

Tax advisor, Michael Jones, looks at the good and not-so-good outcomes to current tax rules when it comes to protecting your business interests. Buy-sell agreements help smooth things over when a co-owner in a business is suddenly gone. Michael dissects the new rules, with watchouts around the payment of insurance out of self-managed super, but with good news - and clarity at last - around insurance proceeds from life insurance trusts.

Michael Jones, Cummings Flavel McCormack