Changing a Business Structure: Rollovers and Concessions
Overview
Navigate the maze of business structure changes with practical tax insights and clear guidance on rollovers, concessions, and consequences – short term and long term
The ability to change a business structure is crucial for the evolution of many small businesses and is facilitated by various rollover reliefs in the tax legislation. 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, focusing on:
- Common reasons to restructure
- Tax impediments to restructuring
- Small business restructure roll‐over (SBRR):
- Requirements to apply
- Limitations/circumstances when not available
- Examples — how the rules may operate in practice
- Alternatives to SBRR:
- small business CGT concessions;
- Div 122 roll-over relief
- Div 615 replacement asset roll-overs
Learning Outcomes:
Participants will gain an understanding of how tax law applies to common scenarios of changing a business structure, 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..
Suited to:
Tax and accounting professionals and other business advisers who deal with clients who deal with small business clients.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Changing a Business Structure: Rollovers and ConcessionsVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Mark ChapmanH&R Block
is the author of Life and Taxes: A Look At Life Through Tax and has edited and updated the second, through to the seventh, editions of Australian Practical Tax Examples, published between 2019 and 2024 by Wolters Kluwer CCH Australia.
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 fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. 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 Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.