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Evolving Structure of SMEs – More than meets the eye paper

Published on 24 Aug 17 by QUEENSLAND DIVISION, THE TAX INSTITUTE

This paper covers:

  • what is a small business
  • small business concessions
  • strategies to change a business structure
  • small business restructure rollover
  • small business CGT concessions
  • subdivision 122-A and 122-B rollovers
  • ownership interest rollovers
  • other considerations when restructuring
  • case study.

 

Author profiles

Peter McKnoulty CTA
Peter is a Consultant at McCullough Robertson, having been a partner with the firm from July 1986 to December 2011. His practice focuses on tax and commercial law with an emphasis on estate planning, taxation, tax planning, business structuring, business succession and family business intergenerational transfer. He is also the Founder of Transition Planning Australia, which helps business owners, professionals and others plan the transition from business or full-time work to the next phase of their lives. Its programs help to develop work-life balance at all stages of a career. TPA’s belief is that everyone is entitled to a happy and healthy life both during and after full-time work. Peter has degrees in Commerce and Law (with Honours) from the University of Queensland. - Current at 12 July 2018
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Alexander Whitney CTA
Alex Whitney, CTA is a qualified lawyer and chartered tax advisor and advises in respect of income tax, GST, stamp duty and other state taxes. Alex acts for a broad range of clients, including family businesses, high wealth private groups, national non-profit organisations, deceased estates and corporate groups. He has acted on large transactions which required significant tax involvement, provided tax advice on complex structures and transactions, and has represented clients in complex audits, objections, Administrative Tribunal matters and appeals to the Federal Court. The Doyle’s Guide 2022 included Alex on its list of Tax Law Rising Stars – Australia, a national list of non-partner tax lawyers who have been identified for their work and expertise in tax. - Current at 10 April 2025
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This was presented at 2017 Queensland Tax Forum .

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Individual sessions

M&A update: A selection of topical issues

Author(s):  Michael CHANG

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Purpose – What Does it Mean?

Author(s):  Mark L ROBERTSON

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Practical approaches to working with startups

Author(s):  Brian RUDDLE

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State taxes update

Author(s):  Philip MAGOFFIN

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ATO - Achieving certainty

Author(s):  Joanne CASBURN,  Anthony Bach

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