Tax and stamp duty
At Lotus Amity we are often engaged by clients and advisors to prepare valuation reports for tax and or stamp duty purposes. The reports prepared are comprehensive and fully supported to meet the exacting Australian Tax Office requirements.
We provide valuations in relation to:
- the transfer of shares and or business assets between related parties
- intellectual property and goodwill for stamp duty purposes
- the small business threshold test for capital gains tax concessions
- the issue of shares or options under an employee share scheme
- the issue of shares for scrip roll-over relief
- the cost base of goodwill in a consolidation
Experience
Previous valuation reports prepared by Lotus Amity for ATO purposes include:
- The valuation of the equity in a group of veterinary clinics. Valuation report prepared to establish if shareholders were eligible for scrip for scrip roll-over relief under Subdivision 124-M of the Income Tax Assessment Act.
- The valuation of a business providing demolition services, excavation services and equipment hire. Valuation report prepared in relation to the small business threshold test for capital gains tax concessions.
- The valuation of a sporting footwear and apparel retailer. Valuation report prepared to determine the cost basis for the transfer of shares to the testamentary trust.
- The valuation of a technology company providing a marketplace for auto services including retail and fleet servicing. Valuation report prepared for tax purposes in relation to the buy-back and issue of shares under the employee share scheme.
- The valuation of a national science, engineering, and technology consulting services business. Valuation report prepared for tax purposes in relation to the transfer of the business between related companies in the group structure.
- The valuation of the goodwill and intellectual property in a fabrication and fitting group. Valuation report prepared in relation to the small business threshold test for capital gains tax concessions.
- The valuation of ordinary and preference shares in a national company operating childcare centres. Valuation report prepared for tax purposes in relation to the ordinary and preference shares to be issued to employees.
- Valuation of a group providing services through the home care packages program and disability care through the National Disability and Insurance Scheme. Valuation prepared for tax purposes in relation to the transfer of personally held shares to a related trust.