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 presentataion, Lachie McColl explores 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.