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"Science or black magic?": Tax valuations for SMEs paper

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.

Author profile:

Lachlan McColl
Lachie is a Senior Manager at WHK where he provides business valuation advice to SMEs across a range of industries. Before joining WHK in 2011, he was working with PwC conducting business valuations for large private and publicly listed organisations. He has more than 12 years combined experience in conducting valuations of businesses, legal entities, shareholder equity and intangible assets, and providing accounting and assurance services internationally. He is a Chartered Accountant, a fellow of the Financial Services Institute of Australasia, a lecturer and content provider with Kaplan Education (“Advanced Valuation topic”) and has completed a Masters in Applied Finance. Current at 18 October 2012 Click here to expand/collapse more articles by Lachie McCOLL.
 
Individual sessions

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