Business Protection – Taxation Implications of Using Life Insurance
Course Details
Description
In today’s ever-changing business environment, understanding the taxation implications of using life insurance policies is essential for ensuring financial stability and compliance with Australian tax laws. Life insurance is a critical tool for business protection, safeguarding companies from financial loss due to the death or disability of a key person. However, improper structuring of these policies can lead to unexpected tax liabilities, affecting business continuity and financial planning.
This self-paced online course provides an in-depth analysis of the tax treatment of life insurance policies used for business purposes, covering key aspects such as capital gains tax (CGT), income tax implications, deductibility of premiums, and assessable income considerations. Whether you’re a business owner, financial planner, accountant, or insurance professional, this course will equip you with the knowledge to make informed decisions about life insurance policies and their taxation consequences.
Why this course is important?
- Business continuity: Gain insights into the role of life insurance in safeguarding long-term business operations.
- Financial protection: Learn how life insurance policies can mitigate financial risks for businesses in case of key personnel losses.
- Tax compliance: Understand how Australian taxation laws apply to life insurance proceeds and premiums.
- Strategic planning: Discover how businesses can structure life insurance policies to ensure tax efficiency.
Who should take this course?
✔ Business owners and entrepreneurs
✔ Financial advisors and tax consultants
✔ Accountants and insurance professionals
✔ Corporate finance and risk management professionals
Estimated Time To Complete
Learning Outcomes
By the end of this course, you will be able to
