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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:

Author Photo - Michael Churchill ATI
Michael Churchill ATI
Michael has 25 years valuation and corporate advisory experience and is CEO of Value Adviser Associates. Michael has advised on a significant number of valuations related to income tax and other stamp duty including acting as expert witness in a number of tax cases • both for taxpayers and revenue agencies (ATO and State revenue offices). The valuation assignments Michael has led include TARP, Div 149, land rich and land holder stamp duty, tax consolidations, international transfer pricing, intangible asset valuation, and mining and exploration information claims. Current at 01 October 2013 Click here to expand/collapse more articles by Michael CHURCHILL.

This was presented at Tenth Annual States’ Taxation Conference.

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Individual sessions

Tax and the Federation

Author(s):  Greg SMITH

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Landholder/Land rich duty - Workshop

Author(s):  Andrew RIDER

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Second Commissioner of Taxation address

Author(s):  Bruce QUIGLEY

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