Division 296 changes the way many Australians with substantial superannuation balances will think about asset values, because the tax is driven by realised earnings and personal member outcomes, not by fund-level income alone. For SMSFs and other super funds holding business real property, shares in private companies, or other unlisted and illiquid assets, defensible market […]
Division 296 is set to change how high-balance superannuation interests are treated for tax purposes, and that has a direct valuation impact for Australian business owners with self-managed superannuation funds (SMSFs) holding business assets, business real property, or shares in private companies. From a valuation perspective, the key issue is simple, if a superannuation asset […]
A business fair market value (FMV), or market value, is commonly used in business valuations and is defined by several public institutions or valuation associations as: “the price that would be negotiated in an open and unrestricted market between a knowledgeable, willing but not anxious buyer and a knowledgeable, willing but not anxious seller acting at arm’s length.” If […]
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