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CGT and small business relief

Member Price: $57.00
Non Member Price: $75.00

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Published on 18 Feb 00 by QUEENSLAND DIVISION, THE TAX INSTITUTE

This paper considers the basic conditions for small business CGT relief before going on to look at: the small business asset roll-over relief; the retirement exemption on the sale of a small business; the 50% active asset reduction; and the 15 year exemption. The paper revises the key principles and highlights the changes with the first two forms of CGT relief. The two new forms of small business CGT relief are examined in more detail.The paper illustrates the operation of some of the various concessions through the use of worked examples.

Author profile

Prof Gordon Cooper
Gordon was a Chartered Accountant in sole practice at Cooper & Co. He was an Adjunct Professor in the School of Taxation and Business Law (incorporating the Australian School of Taxation) at the University of New South Wales. In June 2003, he was awarded an AM in the Queen’s birthday honours for “Services to the tax profession and to the community as an adviser on national taxation and legislative reform, and through education and professional organisations”. Together with Chris Evans and Kirk Wilson, he was an author of the Australian CGT Handbook. - Current at 27 June 2017
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This was presented at NORTH QUEENSLAND CONVENTION: "THROUGH THE MAZE - GST, TRUSTS, STAMP DUTY, PAYG, CGT, RALPH REPORT" .

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Individual sessions

CGT and Small Business Relief

Author(s):  Gordon S COOPER

Materials from this session:

Trusts and the Entity Regime

Author(s):  Michael HENNESSEY

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GST for Retail Business

Author(s):  Harry M RIGNEY

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GST Contracts & Leases

Author(s):  Jeff MANN

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Tax Avoidance - Measures of Tax Reform

Author(s):  Michael PAYNE-MULCAHY

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Stamp Duty - Recent Cases & Rulings and Determinations

Author(s):  A MASON

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GST Case Studies

Author(s):  Jeff MANN,  Harry M RIGNEY

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PAYG

Author(s): 

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Superannuation

Author(s):  Kim TRAJER

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