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The $6 Million Question - Latest Division 152 Cases

Published on 24 Feb 2012 | Took place at Mercure Hotel, Geelong, VIC

This event explored the impact of the latest decisions on Division 152, and the ATO's response to them, on practical issues including:

  • the treatment of liabilities in the $6 million maximum net asset value calculation
  • acceptable methods for valuing assets
  • the active asset status of land.

Individual sessions

The $6 million question - Latest Division 152 cases

Author(s):  Jeffrey CHANG

This paper covers:

  • liabilities and the $6 million MNAV test
  • asset valuation methods
  • active asset status of land.
Materials from this session: