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ATO market valuation guidelines: Risky business


The Australian Taxation Office’s market valuation guidelines have been in existence for over 10 years and have been given extended application beyond the original (consolidation-specific) purpose. This article presents the key elements of the guidelines, identifies some shortcomings (most arising through the considerable
improvement in international valuation guidelines), and offers some risk management strategies for taxpayers and advisers involved in valuation issues for tax purposes.

Author profiles

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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Kalem Sammut
Kalem is an Analyst at Value Adviser Associates.


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