A novel semipinacol rearrangement using dibromocyclopropanes as sources of carbocations was developed. Heating dibromocyclopropanes bearing a 1‐hydroxyalkyl group with silver perchlorate and 2,6‐lutidine induced cleavage of the cyclopropane ring to form allyl cations, which underwent 1,2‐shift of a substituent at the α‐position of the hydroxy group to give β,γ‐unsaturated carbonyl compounds having a quaternary carbon at the α‐position. Because the products have convertible functional groups such as bromo, vinyl, and formyl groups, the method is expected to be applicable to the synthesis of various molecules.