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Q&A: Scrip-for-scrip rollover
Published on 01 Oct 00 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
As part of the first tranche of business tax reform announced on 21 September 1999, the Federal Treasurer indicated that capital gains tax (CGT) rollover relief would be for an exchange of interests in companies or fixed trusts because of a takeover. An understanding of changes under Subdivision 124-M of the Income Tax Assessment Act 1997 and the New Business Tax System (Miscellaneous) Bill (No 2) 2000 is provided.
Author profiles
Andrew O'Bryan CTA
Andrew is a Partner at Hall & Wilcox Lawyers and provides advice on the application of a wide range of taxation. He has substantial knowledge of taxation and commercial practice and advises his clients on income tax, capital gains tax, tax audits and reviews, fringe benefits tax, business structuring and transactions, liquidations and reconstructions, superannuation, retirement planning, business succession, estate planning, and philanthropy. Andrew advises accounting and legal firms on their clients’ affairs. He also draws clients from industry, commerce and high-net-worth private family groups. One of his main interests is advising private business owners on the transition of management and control of family businesses to the next generation. Andrew has been recognised in the The Best Lawyers in Australia in Tax Law every year since 2014 and is a leading tax lawyer in Victoria in Doyle's Guide to the Australian Legal Profession. - Current at 12 November 2019Michael Parker CTA
