Case study | Charltons
Accounting & tax
Business Strategy
Self Managed Super
Tax Specialisation

Tax is not simply about tax returns, it’s about planning to succeed

Each year we are required to prepare and lodge our income tax returns. In this we have little choice and say. However, we can have some say in the amount of tax (if any) we are required to pay.  This can be achieved by undertaking some prudent and legal tax planning. Tax planning is simply smart business planning.

An individual whose employment had been terminated.

A successful entrepreneurial woman within the international pharmaceutical industry was offered an attractive overseas posting. With the onset of the GFC, the company decided to reorganise which included a redundancy of staff positions. At the time, our client was under a fixed term employment contract and was affected by the redundancy. Her employer, an international pharmaceutical organization, did not provide adequate compensation associated with her redundancy and legal proceedings ensured.

Charltons was able to work with her legal counsel to identify, design and calculate the employment termination payment and entitlements. Charltons used our knowledge of Australian and international tax laws to design a favorable settlement arrangement which had the effect of minimizing tax payable on the settlement which reduced her income tax liability and maximised her net cash returns.

 

Sale of developed land

Our client is a long-established employee services provider. Refocusing their resources into more profitable areas resulted in the identification of assets which were surplus to business requirements, including land holdings. Seeing the need to capitalise from these surplus assets, Charltons worked with our client to consider a tax effective sale of land holdings.

This meant properly identifying the manner in which the land holdings could be sold and a subsequent reduction in capital gains tax.

  • Case study

    A successful entrepreneurial woman within the international pharmaceutical industry was offered an attractive overseas posting. With the onset of the GFC, the company decided to reorganise which included a redundancy of staff positions. At the time, our client was under a fixed term employment contract and was affected by the redundancy.

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