Using rollovers to minimise CGT in the context of small business disposals and restructures.
The ability to rollover a capital gain – to defer it to a later date – is a key planning tool available to businesses facing CGT liabilities from situations as diverse as restructuring an established business, selling business assets to a third party or disposing of an entire business.
But working out which, if any, rollover relief is available and navigating the complex rules regarding eligibility and application can be daunting.
This webinar examines this complex area of tax law, examining when rollover relief may be available, how to obtain it and what the tax consequences are in the short term and the long term.
Webinar Learning Outcomes:
Participants will gain an understanding of how tax law applies to CGT rollovers, both in theory and when applied to typical client situations. The knowledge gained can then be taken back to the office to be applied to your present and future small business clients. Material reflects and clarifies ATO guidance and case law.
The webinar is ideal for the development of staff within tax agent and accounting practices who act for small businesses and their owners.
Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer in July 2017. He has over 25 years’ experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a member of the Institute of Chartered Accountants in England and Wales, the Chartered Institute of Taxation and is a fellow of CPA Australia. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australian in 2007 to join the Australian Taxation Office (ATO) as a senior director.
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