Integrated Tax Planning and Whole-Course Problem Solving
Whole-course integration problems. These questions are intentionally mixed so the first task is issue spotting.
Integrated Problems
Question 1 — Entity choice
A profitable consulting business can operate as a sole trader, company or discretionary trust. Build an issue list rather than recommending an entity immediately.
Question 2 — Business sale
A company sells goodwill and equipment, repays a shareholder loan and distributes the remaining cash. Identify at least five distinct tax analyses.
Question 3 — Employee/shareholder
A shareholder-director receives salary, a company car, a low-interest company loan and a franked dividend. Map each benefit to the relevant regime.
Question 4 — Property transaction
A trust buys land, develops new residences and sells them. Identify the income tax/CGT, GST, trust and possible financing issues that must be sequenced.
Question 5 — Restructure
A sole trader wants to move a growing business into a company before taking on an investor. Identify the rollover, CGT, GST, SBE and future-company issues.
Question 6 — Final advice
Explain the difference between an exam conclusion and professional tax advice.