Published on 17 Sep 12
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
One of the greatest impediments to any potential restructure is the application of Capital Gains Tax. Part 1 of this paper looks at the various rollovers available and some of the traps which need to be watched out for.
The second part of this paper focuses in depth on the following scenarios:
- individual to company
- option 1 – Individual principally owning capital assets
- option 2 – Individual principally owning depreciable assets (low tax WDV but high market value)
- unit trust to company
- replacing the unit trust with a company
- inserting a company as holder of all units.
Emma De Roos
Emma is a Senior Manager in the Tax Division of KPMG with over 12 years experience. Emma specialises in corporate and international tax and transfer pricing, providing services to Australian and foreign based private and public companies and covering a wide range of client transactions including restructuring and mergers and acquisitions. Current at 20 July 2012
Timothy Sandow CTA
Tim Sandow, CTA, is the Partner in Charge of Tax at KPMG in Adelaide and has 20 years experience providing tax advice to a variety of private and large public companies as well as individuals. Tim specialises in tax consolidation, tax dispute resolution, tax effect accounting, international tax, mergers and acquisitions, resource taxation and executive remuneration. Tim is a member of The Tax Institute’s State Council. Current at 16 May 2014
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