Drelly - my reference to continuing with a trust was in relation to asset protection etc, not the decision in relation to your LAQC. I still might not be clear but we are on the same page.
Re going from a LAQC to an ordinary company, consider just going to a QC (default option if you do nothing). same benefits of a company you refer to above but also enables you to distribute capital gains tax free (ie. unimputed dividends from a QC are exempt). This will maintain a bit more flexibility over the next few years till they repeal the QC rules (which may be done once they have reviewed the dividend rules).
Re going from a LAQC to an ordinary company, consider just going to a QC (default option if you do nothing). same benefits of a company you refer to above but also enables you to distribute capital gains tax free (ie. unimputed dividends from a QC are exempt). This will maintain a bit more flexibility over the next few years till they repeal the QC rules (which may be done once they have reviewed the dividend rules).
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