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Tax Facts - General Value Shifting

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Value shifts alter the relationship between an asset’s market value and tax value. Without a value shifting regime in place, the creation of artificial losses and deferring of gains may be encouraged.

Where the General Value Shifting Regime (GVSR) applies, you may need to adjust the tax values of interest affected by the value shift, or adjust a realised loss or gain. In some cases there may be an immediate capital gain.

Value shifts occur in the form of:

  • Indirect value shifting;
  • Direct value shifts on interests;
  • Direct value shifts by creating rights.

These shifts are all explained in the General Value Shifting Regime section of the ATO website.


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