- Valuation issues can be a significant hurdle to accessing the small business CGT concessions. Negotiating this hurdle is often a critical aspect of the advice required by SME taxpayers. In this seminar, Lachie McColl explored the challenges in applying the $6 million maximum net asset value test from a valuer's perspective, including:
- market value
- benefits and limitations of valuations
- instructing the valuer: the why, what, when and how
- independence and experience considerations
- implications for small businesses.