Sometimes, tax concessions are gone, gone, gone!   There are many situations where family members have loans owing to a family company that they control. When a need arises to rationalize the loan arrangements in conjunction with a family law settlement, the taxation implications can be critical. There has been some concern expressed about the
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Finally, after 6 years of reviews and discussion papers the Government released a Consultation Paper in October 2018 which proposes a number of significant amendments to Division 7A loans. In general terms, if a private company makes a payment (excluding dividends, wages, or similar forms of remuneration), provides assets for private use or loans money
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The short answer is you don’t, unless the Valuation Report provides a defensible determination of the multiple. The multiple is a reflection of the risk and variability associated with future profits and is a critical factor in most valuations. The higher the multiple the lower the risk and vice versa. The following example illustrates this
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You may recall the decision in Sandini Pty Ltd v Commissioner of Taxation 2017 FCA 287 (Sandini) reported last year, where it was held that CGT roll-over relief was available on a relationship breakdown involving the transfer of a parcel of listed shares held by a unit trust (to be retained by the Husband) to
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