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New CGT treatment of earnout arrangements presentation

Published on 21 Sep 10 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Following the Government's announcement in the Budget that it will amend the law to deal with the CGT treatment of Earnout arrangements, the Assistant Treasurer released a Treasury consultation paper which sets out the proposed changes and seeks feedback on these proposed measures. This presentation covers:

  • what the Government proposes in its consultation paper
  • when will the ‘look through' approach apply, and when will it not apply?
  • what is a ‘standard earnout' arrangement and a ‘reverse earnout' arrangement, and how will they be treated?
  • how to deal with the retrospectivity of proposed changes
  • interaction between the proposed changes and the CGT discount, the CGT small business concessions, and consolidations.

Author profile:

Matthew Bartemucci
Matthew is a Manager at Ernst & Young working predominately in their private client's area, where he specialises in high net worth individuals and small to medium businesses including experience in effective tax structuring advice such as earn-out arrangements. Matthew also specialises in their Human Capital area where he deals with global companies who are actively moving employees in and out of Australia to ensure that both the company and individuals are adhering to their Australian income tax requirements. Current at 20 September 2010
 
Individual sessions

September tax update

Author(s):  Terri SYMONDS

Materials from this session:

Further details about this event:

 

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