Using rollovers to restructure a business
The most common rollovers – when and how to apply them
The flow-on implications and downsides of common rollovers
There are a range of situations where clients can potentially access rollover relief to defer a tax liability when moving assets within a business group or when making changes to a group structure. This can free up vital cash that would otherwise be paid to the ATO.
Some of the rollovers can also be used when selling assets to third parties, allowing clients to reinvest the proceeds in the short term or defer tax liabilities until a future sale takes place.
However, many of the rollovers are complex and it is important to understand the positive and negative aspects of the key forms of rollover relief so that informed decisions can be made.