You can simply use:
v = 1 - v;
This of course assumes that the variable is initialised properly, i.e. that it only has the value 0 or 1.
Another method that is shorter but uses a less common operator:
v ^= 1;
Edit:
To be clear; I never approached this question as code golf, just to find a short way of doing the task without using any obscuring tricks like side effects of operators.