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Valuation of land: An adviser’s perspective paper


This paper covers:

  • duty on the shares or the land? Which would you prefer?
  • why is land-rich or landholder such an issue?
  • value of future cashflows
  • shares - what is being purchased?
  • value of shares
  • decomposing the asset base
  • non current assets
  • now we know where the value of the assets lies
  • (Net) working capital e: how do we determine the values?
  • unpacking the equation
  • goodwill: Murry and Alcan
  • tax and accounting treatments are often different
  • checklist for determining individual asset values
  • case study - hotel operator acquisition
  • mining companies
  • case study - mining exploration company acquisition.

Author profile

Michael Churchill ATI
Photo of author, Michael CHURCHILL Michael is CEO of Value Adviser Associates, a specialist valuation and advisory firm which has a unique capability in relation to valuations required for tax purposes. Michael’s career includes over 30 years of accounting, valuation and corporate advisory experience. Michael has provided expert testimony in almost all jurisdictions in Australia in relation to shareholder disputes, managed investment schemes and a range of tax matters. He is co-author of Business Valuations Digest and author of a wide range of published material in relation to valuation, government business sales, regulatory cost of capital and tax valuation matters. He is a regular speaker on valuation issues and a member of The Tax Institute’s Disputes Resolution Committee. The valuation assignments Michael has led include Div 149, Div 855 (TARP), land rich and landholder stamp duty, tax consolidations, international transfer pricing, intangible asset valuation, R&D syndicates, mining and exploration information claims and small business retirement concession claims. - Current at 21 February 2018
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This was presented at Tenth Annual States’ Taxation Conference .

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Individual sessions

Tax and the Federation

Author(s):  Greg SMITH

Materials from this session:

Landholder/Land rich duty - Workshop

Author(s):  Andrew Rider

Materials from this session:

Second Commissioner of Taxation address

Author(s):  Bruce QUIGLEY

Materials from this session:

Climate change hot topic


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