Q&A: Value Shifting Basics

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Published on 01 Nov 03 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The CGT value shifting rules have always been an area that can easily trip up the unsuspecting practitioner. But at least in the past they generally only applied to transactions involving companies and company groups. With the use of trusts being so prevalent in the SME market, value shifting was often of little concern.

Well, that's all changed with the introduction of the replacement value shifting regime.

Author profiles

Andrew O'Bryan CTA

Andrew O’Bryan, CTA, is a senior Tax Partner at Hall & Wilcox Lawyers. He has more than 35 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 ATO. - Current at 24 September 2018

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SME hot topics paper - 02-March-2011
Assets use caught by Division 7A. - 10-June-2010
Division 7A and unpaid trust distributions. - 09-December-2009
Building, buying, holding, selling and valuing intangible business assets paper - 13-March-2009
Fixed trust/fixed entitlement paper - 10-October-2008
Succession planning: Some taxation issues to consider paper - 15-August-2008
Deductability of employer superannuation contributions - new rules. - 01-November-2007
Over my dead body: Family maintenance claims - 01-December-2006
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Tax traps for SME loans paper - 07-April-2006
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Michael Parker CTA

Michael is a Partner in the taxation section of Hall & Wilcox Lawyers. His practice focuses on tax disputes, domestic income tax issues including CGT and Division 7A, business sales, acquisitions and restructures and GST. Michael has extensive experience handling a broad range of taxpayer disputes, including 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 Division 7A, small business impediments and the small business CGT Concessions. He is a regular presenter for The Tax Institute. - Current at 06 August 2018

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Graham WARREN

Graham is a Solicitor at Hall & Wilcox Lawyers.
Current at May 2005

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