Section 85 Rollovers: A Complete Guide, 2nd Edition

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Section-85-Rollovers
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Section 85 Rollovers: A Complete Guide is a must-have reference for accountants who provide tax advice and tax planning services to their clients.

Section 85 Rollovers: A Complete Guide is a must-have reference for accountants who provide tax advice and tax planning services to their clients. Arguably the foremost corporate tax planning tool available, the "rollover" is used in virtually every corporate reorganization. It allows for the deferment of tax on the transfer of assets with accrued gains that would otherwise be payable immediately. This guide provides tax professionals with essential references and tools to get the most out of the election.

Recommended for both experts and non-experts in section 85 rollovers, this important book delivers insightful and practical information on how to apply section 85 in both ordinary and complex situations. Readers are guided through the intricacies of the election topic by topic with real life examples used throughout this book to further simplify and clarify the rules.

Topics include:

  • Purpose and use of the Section 85 election
  • Parties to the election
  • Types of consideration
  • Eligible assets
  • Limits to the elected amounts
  • Paid-up capital and paid-up capital reductions
  • Tax cost considerations
  • Where and how to file the election
  • Filing deadlines
  • Anti-avoidance rules
  • Price adjustment clauses
  • Shareholders' benefit
  • Stop loss rules
  • Surplus striping
  • Deemed gifting rules
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