CGT Mini-Series: Navigating the Small Business Restructure Rollover
The SBRR relief provides a significant opportunity for SME taxpayers to restructure their affairs in order to achieve a variety of commercial outcomes, but a high degree of attention to detail is required in advising on, and implementing, any restructure under the relief. Dr Mark Pizzacalla was involved in the formulation of the SBRR provisions and sits on the Board of Taxation Review.
Description
Attend and earn 1 CPD hour
FASEA CPD Categories
Estimated 1 CPD hour in Technical Competence
CGT Mini-Series: Navigating the Small Business Restructure Rollover
- Background & history
- Eligibility, key conditions for the rollover relief to apply
- How to structure transactions to qualify for the concession
- ‘Genuine restructure’ and safe harbours for ‘genuine restructures’
- Importance of ‘ultimate economic ownership’
- The concession for discretionary trusts
- The effect of rollover in relation to specific asset taxing scenarios
- Other provisions including anti avoidance
Presented by Dr Mark Pizzacalla, Partner, BDO; Member, Board of Taxation Member
Learning Objectives:
- Understand how to structure transactions to qualify for the Small Business Restructure Rollover
- Consider intricacies with the concession, including discretionary trusts, anti avoidance, and asset taxing scenarios
- Consider safe harbours for genuine restructures and ultimate economic ownership