QRIDA First Start Loan
QRIDA’s First Start Loan offers up to $2 million to aspiring young producers enter the agriculture industry or take over the reins of their family property.
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Duty, super and succession
In a planning process that establishes independent, financial security for the exiting generation as the priority, taking advantage of the significant taxation concessions associated with participating in this investment environment cannot be overlooked.
Rural Succession Planning Workshop
Carrick Aland Managing Partner and rural Succession Specialist, Wayne Turner, will be speaking at a free Rural Financial Counselling Service event on 3 March 2021 in Clifton.
Capital Gains Tax and succession
The focus of a well-orchestrated succession planning process must be around discovering and addressing the wants of individuals in a manner that ensures ongoing business viability along with the achievement of alignment and a sense of family equity. Read how.
The Roll of Wills and Other Legal Agreements in Succession Planning
Whilst not an exact science, following a structured framework in analysing differing concepts of equity not only assists in providing comfort in the context of “having done the best possible for all” but is also an effective tool in educating and conveying reason, to all family stakeholders, for what may be seen as tough, “knock on” implications of the concepts adopted.
Succession planning and family equity
Economics dictates that succession in a farming environment can rarely directly involve all family members of the next generation. Economics also dictates that farming successors require what can often be viewed as a ‘leg up’ to ensure the successful continuation and future viability of farming or grazing operations. Read why.
Leaving the next generation with a viable ongoing business
To achieve a level of comfort around accepting the financial position imposed by any proposed plan, farm successors need to know exactly how addressing the identified wants of an exiting generation will impact their future viability.
Succession planning and establishing the wants
In our first article of this succession planning series, we focused on recognising the need for and encouraging early engagement in the succession process. But where to start?