This webinar which is part 2 in a 2 part series, covers the subject of the capital gains tax (CGT) demerger relief under Division 125 of the Income Tax Assessment Act 1997.
It is intended to be a practical guide to accessing the relief and to enhance your working knowledge of the rollover in the context of its practical application. The webinar covers a more advanced CGT topic and it is aimed at more senior accounting and taxation professionals.
The CGT demerger provisions can be usefully applied to allow businesses to achieve many strategic commercial objectives. The rules and their application can be complex and there are a number of pitfalls for the unwary.
The webinar provides a practical guide to these provision, including the concept of what constitutes;
• a ‘demerger group’;
• a ‘head entity’; and
• a ‘demerged entity’ and ‘demerging entity’.
The webinar highlights the common methods under which demergers are undertaken and deals with the concept of ‘demerger benefits’. The operation of s 45B of the Income Tax Assessment Act 1996 is covered, along with practical guidance on how to manage this. Meaningful worked examples are provided throughout.
All accounting, taxation and legal professionals at all levels and is intended to enhance your working knowledge of each CGT rollover and to demonstrate how they can be used in an effective manner in practice.
Crowe Horwath is the largest provider of practical accounting, audit, tax, business and financial advice to individuals and businesses from a network of over 80 offices throughout the country. The firm’s team of 300 Principals (approx.) and professionals deliver a full range of accounting including, audit and taxation, business advisory, corporate finance and wealth management services from offices in the cities of Sydney, Melbourne, Brisbane, Canberra, Perth, Auckland, Wellington and major regional centers in Australia and New Zealand.
You will be provided with:
• PowerPoint presentation slide deck
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
The capital gains tax (CGT) demerger provisions can be usefully applied to allow businesses achieve many strategic commercial objectives.