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Special Tax & Superannuation Topics 2023-24 - Changing business structures through CGT rollovers: More advanced issues



It is very common for a business structure that was once a good fit for a client to no longer be so. The client may out-grow the structure, the structure may not assist a sale or allow for equity participants.  It is important that practitioners are aware of the techniques that can be used to restructure a business tax efficiently.  In some cases, the restructure may involve multiple rollovers to achieve the required structure.  

 

The session will consider the following issues:

  • Using multiple rollovers and the issues that may arise
  • Scrip for Scrip rollover (high level)
  • Interaction of various rollovers and when an adverse outcome can arise

 

On successful completion of this topic, participants should be able to:
  • Illustrate how scrip for scrip rollover operates. What are the conditions for the rollover and the consequences for all involved entities?
  • Explain when might multiple CGT rollovers be helpful in restructuring a client or preparing them for a sale?
  • Explain what the potential implications of multiple rollovers including the ATO’s views as well as restrictions on the availability to the CGT discount

 

This session forms part of the Special Tax & Superannuation Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun. These sessions will:

  • Ensure you get the critical knowledge you need while minimising your time out of the office.
  • Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
  • Help you avoid any possible traps and pitfalls
  • Give you answers to the questions most relevant to you

 

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.

 

Continuing Professional Development Hours

The content covered in this topic constitutes verifiable CPD for CA ANZ, has been assessed for ASIC and FASEA CPD and also meets the Tax Practitioners Board's CPE requirements.

 

 

 

 

PER SESSION

CA ANZUp to 1.5 CPD hours
Tax Practitioners BoardUp to 1.5 CPD hours

 

Related packages

Looking for more? Our Essential Tax & Superannuation Updates perfectly complement these special topic sessions.  

 

This series is presented by our Senior Tax & Superannuation trainers: 
 

Stephen Holmes, Senior Tax and Superannuation Trainer, CA ANZ 

Stephen is a partner at WMS Chartered Accountants and has more than 20 years’ experience in providing specialist tax advice. He has concentrated on tax consulting and has provided tax advice to high-net-worth clients since 1994. Stephen also consults to other accounting firms on technical and/or complex tax matters. His particular focus is capital gains tax, employee share schemes, tax consolidation and international tax matters. He has extensive experience in managing tax disputes with the Australian Taxation Office. 

 

Lydia Kovacevich, Senior Tax and Superannuation Trainer, CA ANZ 
Lydia has over 20 years of experience in the tax and accounting industry working for, at various times, a ‘big four’ accounting firm, a second-tier firm, a global oil and gas service company, a tax training organisation and the Australian Taxation Office.   
  
During this time Lydia acquired extensive experience in tax and accounting matters relevant to various types of entities and industries and gained a wealth of experience in writing about tax. Lydia has strong analytical and technical abilities and is very passionate about tax education.

 

EVENT DETAILS


Topic: Tax

Sub-Topic: Income Tax

Format: Recorded Webinar

Proficiency Level: Intermediate, Advanced

CPD: Upto 1.5 hours