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Small business CGT concessions: Some traps, twists and tips paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 12 Aug 10 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • who is an 'affiliate' and who is not?
  • who is 'connected with' who?
  • $6 million maximum net asset value test
  • active asset test
  • the additional basic conditions for shares in a company or units in a trust in the context of the 15 year exemption
  • the retirement concession
  • CGT caps.

Author profiles

Chris SMAILES
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Alan Krawitz CTA
Alan Krawitz, CTA is a Director of Smailes Krawitz, a boutique law firm that specialises in tax advice, tax disputes, wills and estates, trusts and commercial law on behalf of privately owned enterprises, high net worth individuals and family offices . In the 2022 edition of Doyle’s Guide for Western Australia, the firm was ranked as a First-Tier firm in the category of “Leading Tax Law Firms” and was ranked equal second in the category “Leading Wills, Estates & Succession Planning Law Firms”. Alan provides complex tax advice for private and family groups and high net worth individuals. He acts for taxpayers in disputes with the Australian Taxation Office, including matters filed in the Federal Court of Australia and the Administrative Appeals Tribunal. Alan provides estate plans of highly prominent individuals in Australian corporate life and acts for clients in relation to disputes involving trusts and estates. Alan is admitted as a lawyer of the Supreme Court of Western Australia and is entitled to practice in the High Court of Australia, the Federal Court of Australia and the Administrative Appeals Tribunal. - Current at 04 July 2023
Click here to expand/collapse more articles by Alan KRAWITZ.

 

This was presented at WA Convention 2010 .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Part IVA

Author(s):  Martin KEATING

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Unpaid present entitlements and Division 7A: A new appnroach to taxing trust distributions

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Extending the life of a trust

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GST update

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The ins and outs of expatriate taxation

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The Duties Act 2008

Author(s):  Celia LONG

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Deceased estates - Taxation issues that arise on a person's death

Author(s):  Jocelyne BOUJOS

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Valuations of professional practices

Author(s):  Andrew EDWARDS

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Family law, tax and family breakdown part 2 - The empire strikes back! A tax lawyers rebutal

Author(s):  Adam LEVIN

Materials from this session:

Small business CGT concessions: Some traps, twists and tips

Author(s):  Chris SMAILES,  Alan KRAWITZ

Materials from this session:

Further details about this event:

 

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