The founders of some of the nation’s most successful family business will soon turn 70, and the ATO wants to know what comes next.
The ATO is taking a close look at the inheritance of private wealth. iStock
A decade or so ago, entities in the Moloney family group – which operates a Victorian company called Mt Noorat Freighters – were restructured for succession planning purposes.
This involved the $3.5 million sale of the business from one trust in the family group to another.
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Original URL: https://www.afr.com/wealth/personal-finance/succession-planning-how-to-avoid-falling-foul-of-the-ato-20250130-p5l8e8
