Cross Border Multinational M&A Tax Advice with Restructure
Circumstances / Situation
A business in the Seafood wholesaling and retailing industry had made the call to sell their business and engaged Corporate Advisers. As part of this process the business was required to be restructured from a trust to a company prior to sale.
Solution
We provided the up-front tax advice to ensure the business was restructured in a back-to-back sale. This involved the transfer of the business from the trust to a company while minimising stamp duty and tax costs. We guided the lawyers handling the sale transaction, providing tax advice on rollovers and inclusions in their paperwork to ensure everything went smoothly.
Outcome
The entire business was transferred from trust to company with the final multinational acquirer buying the business. The business owner retained equity in a tax effective way.
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