This podcast explores the Small Business Restructure Rollover and how it allows eligible businesses to change their structure without triggering immediate income tax consequences. 

In this episode of Explain That by Velocity Legal, host Andrew Henshaw is joined by Tyson Bateman from Velocity Legal’s Tax team to unpack when the Small Business Restructure Rollover applies, why it exists, and how it can be used to correct business structures that no longer suit growing enterprises. 

The discussion covers: 

• What the Small Business Restructure Rollover is and who it applies to 

• The genuine restructure requirement and why it creates uncertainty 

• Ultimate economic ownership and why trusts complicate the analysis 

• When sole traders, companies and trusts can use the rollover 

• Why the rollover can preserve pre CGT status and the 15 year exemption 

• The limits of the rollover including stamp duty and other taxes 

• Why documentation and planning are critical 

A practical episode for business owners, advisers and accountants, considering a restructure and wanting to understand both the power and the limitations of the Small Business Restructure Rollover. 

For tailored advice on business restructures, tax risk and eligibility for the Small Business Restructure Rollover, contact our Tax Team at www.velocitylegal.com.au.