Part A: Market value for tax purposes

This part provides information about determining the market value for tax purposes, including:

Market value

Many of the laws we administer require ascertainment of market value. Some common instances are:

  • for individuals – transfers of real estate or shares between related parties, such as husband and wife, or family members
  • for employees – non-cash benefit transactions, such as gifts, or other benefits, such as car parking
  • for small businesses – transfers of assets to related parties, passing the asset threshold tests for the small business capital gains tax concession
  • for property developers – the GST margin scheme
  • for businesses – consolidation events
  • for all taxpayers – many anti-avoidance provisions.
    Last modified: 01 Jul 2015QC 21245