Client Testimonials

Bob Taber & his staff have looked after our financial needs since 1986. His expertise & diligence have always been greatly appreciated, we are so lucky. Many thanks.

As a widow I am very satisfied and very confident knowing all my financial investments and accountancy affairs are looked after.

 

We are extremely pleased and satisfied with the service we have received. The staff are always friendly & helpful. "A breath of fresh air!!"

Been a client since the 1960's and always been very happy in all Cutcher & Neale have done.

We have a productive, personalised & professional relationship with our contacts at C&N. They go above & beyond to provide service that is excellent (timely, accessible & open). Thank you so much.

Return to List of Tax Facts

Tax Facts - General Value Shifting

Value shifts change the relationship between the market value and tax value of an asset. Most value shifts happen when parties don't deal at the market value, causing one asset to decrease while the other increases. Value shifts occur in the form of:

  • Indirect value shifting
  • Direct value shifts on interests
  • Direct value shifts by creating rights

Without a value-shifting regime in place there can be artificial losses and deferred gains. Where the General Value Shifting Regime (GVSR) applies, you may need to adjust the tax values of an interest affected by the value shift, or adjust a realised loss or gain. In some cases there may be an immediate capital gain.

In general, the GVSR does not apply to small value shifts or dealings within consolidated groups.

MORE: Click here to see whether GVSR affects you.

MORE: Click here to access a Guide to the GVSR.