Q&A: Scrip-for-scrip rollover

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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 senior tax partner at Hall & Wilcox Lawyers. He has over 25 years' experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the Australian Taxation Office. - Current at 30 August 2017

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Michael Parker CTA

Michael Parker, CTA, is a Partner in the taxation section of Hall & Wilcox Lawyers. His practice focuses on tax disputes, capital gains tax, business sales and acquisitions and restructuring. Michael has extensive experience handling disputes concerning the Small Business CGT Concessions, having acted for the taxpayers in White v FCT [2009] FCA 880, White v FCT [2012] FCA 109 and Altnot v FCT [2013] AATA 140, among other cases. Michael regularly consults to the Board of Taxation and Treasury including in respect of the small business CGT Concessions. He is a regular presenter for The Tax Institute. - Current at 30 August 2017

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