Restructure rollover for small business
As a business grows, it is possible that the original structure no longer satisfies the needs of the business and restructuring is necessary.
Typically when a business is sold, you would have to pay income tax due to transferring assets. However, when a business is restructuring and the ownership of assets remains unchanged, the qualifying business may receive the Small Business Restructure Rollover from the ATO. This allows for the transfer of active assets from one entity to one or more separate entities without incurring an income tax liability.