The value shifting rules in divisions 723, 725 and 727 are too often overlooked. Their application can have implications for future disposals, but of more concern is the potential for an immediate taxing event on certain transactions.
The aim of the value shifting provisions is broadly to ensure tax outcomes cannot be manipulated by the undertaking of non-arm’s length transactions.
Of most importance is understanding when transactions can give rise to immediate taxing events. In this webinar we look at the key issues around the direct and indirect value shifting provisions to determine:
• When a direct or indirect value shift occurs
• What the implications are on CGT cost base of relevant assets
• The potential for a taxing event to arise from the value shift
By applying the rules to case studies, we will get a feel for the practical application of the provisions.
Webinar Learning Outcomes:
• Know when to identify transactions potentially subject to value shifting
• Understand how to calculate the impact on cost base of relevant assets
• Understand how to calculate any gains arising from transactions
• Small to medium corporate groups, particularly involved in inter-generational transfers
• Advisors with small to medium corporate and family groups
Paul Mills has worked in the corporate tax practice at PwC for over 20 years, advising clients on a range of transactions.
For the past seven years, Paul has been responsible for PwC’s national tax technical education program. He is now commencing his own tax advisory business.
You will be provided with:
• PowerPoint presentation slide deck
• Any Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter