This paper considers small business rollovers and the special rules relating to goodwill - goodwill in the context of rolling over a business to a company. The author focuses on the CGT issues that will arise pursuant to a rollover transaction where the asset which is the subject of the rollover is goodwill. That is the intersection of these ideas - what aspects of the joint operation of rules on goodwill and the rules on rollovers can give rise to pitfalls or opportunities.
Prof Graeme Cooper CTA
Graeme is Professor of Taxation Law at the University of Sydney and a consultant to Greenwoods & Herbert Smith Freehills. He is a former New South Wales State Council Chairman of The Tax Institute and currently a member of the National Council. He has worked as a consultant to the ATO, Treasury, Board of Taxation, United Nations, OECD, World Bank and International Monetary Fund. He was admitted to legal practice in New South Wales (1980) and Victoria (1999), and practised commercial law and tax in Sydney before entering teaching. He has taught tax in law schools in Australia, Europe and the United States, and holds degrees from the University of Sydney, University of Illinois and Columbia University, New York. Current at 11 January 2016
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