Published on 29 Nov 12
by VICTORIAN DIVISION, THE TAX INSTITUTE
Valuation issues can be a significant hurdle to accessing the small business CGT concessions. Negotiating this hurdle is often a critical aspect of the advice required by SME taxpayers.
In this paper, Lachie McColl will explore the challenges in applying the $6 million maximum net asset value test from a valuer’s perspective, including:
- "market value”
- benefits and limitations of valuations
- instructing the valuer: the why, what, when and how
- independence and experience considerations
- implications for small businesses.
Current at 16 November 2012
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