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The Practicalities of Value Shifting

Published on 03 Dec 2003 | Took place at The Menzies Hotel, Sydney, NSW

Value shifting is ridiculously complex and the law is both highly theoretical and vague in its application.

The focus of this seminar was entirely devoted to simplifying these concepts and examining the practicalities of value shifting. This was done firstly by explaining the conceptual ideas which underlie value shifting, and then providing checklists which show how to tackle value shifting problems in practice.

Individual sessions

The Practicalities of Value Shifting

Author(s):  Lachlan R WOLFERS This seminar paper covers the following issues:
- accessing the myriad of different exceptions under new value shifting rules
- direct value shifting - an examination of changes from old Div 140
- indirect value shifting - the practical shifting implications of these new provisions
- an analysis of specific value shifting issues commonly arising for business, such as dividend access shares, debt forgiveness, interaction with demergers and consolidations.

This paper was also presented by Ken Schurgott at the A Tax Focus for Small Business and the Rural Industry seminar held in Ballina on 21 May 2004.

This is a slightly modified version of a paper presented by the author at the 11th National Tax Intensive Retreat in Noosa on 21 August 2003.

Materials from this session: