Published on 01 Mar 07
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The general value shifting rules are a regime aimed at dealing with artificial gain and losses that are generated by particular schemes on the realisation of equity or loan interests in an entity. This article provides a brief overview of the exemptions that are available from the value shifting rules that can be utilised to avoid their application.
Philip is a Barrister and member of the Institute of Chartered Accountants practising in State and Federal taxation, superannuation and commercial law. He is also a sessional member of the Victorian Civil and Administrative Tribunal (although he still appears as a barrister in the tax list of that Tribunal). Philip advises and appears for taxpayers and revenue authorities in State and Federal courts and tribunals and has appeared on a number of occasions in the High Court. He has also been briefed by other government agencies including ASIC, the Official Trustee in Bankruptcy and the Victorian Government Solicitor's Office.
- Current at
01 October 2014