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Counter-intuitive outcomes when applying the market value substitution rules

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Published on 01 Feb 06 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The rules regarding the taxation of capital gains include several market value substitution rules. This article reviews three common situations where the substitution of the market value will not give the expected tax result.

Author profile

Dr Nicholas Gangemi CTA
Dr. Nick Gangemi, CTA, is a Director in the Tax Division in William Buck Chartered Accountants. Dr. Nick’s areas of expertise include corporate tax, international tax, indirect taxes such as payroll tax, tax litigation, high net worth individuals, trust law, and mergers and acquisitions. Prior to joining William Buck, Dr. Nick has worked in law and accounting firms, and was for several years a member of the NSW Bar. - Current at 22 July 2022
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