shopping_cart

Your shopping cart is empty

CGT small business concessions - selected issues 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 06 Oct 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

In the recent Federal Budget changes arising from the Board of Taxation’s post implementation review of the small business CGT concessions were announced, together with a new significant stakeholder test. This paper re-examines the small business CGT concessions from a practical perspective, highlighting some of the proposed changes and considering the traps that practitioners must continue to monitor. The paper considers:

  • can a taxpayer’s structure result in a failure to satisfy the threshold tests?
  • is there an active asset?
  • what does need to be included in the maximum net asset value test?
  • how does the connection test operate?
  • what are the compliance traps?
  • what are the implications of choosing some concessions over others?
This was also presented by Ron Jorgensen on 21 Octobe 2006 at the Tasmanian State Convention.

Author profiles

Ronald Jorgensen CTA
Ron Jorgensen, CTA principally consults on Commonwealth and State tax laws, tax dispute resolution and compliance enforcement and specialises in trusts and trust disputes, succession and succession disputes and asset protection, business and investment structuring and tax sensitive commercial and property transactions for high wealth families, privately owned businesses and small to medium enterprises. He is a member of The Tax Institute, the Law institute of Victoria and the Law society of Tasmania. He is an Accredited Specialist in Tax Law and a member of the Tax Law Advisory Committee with the Law Institute of Victoria. He is a member of the Property and Commercial Law Committee of the Law Society of Tasmania. Ron is a Chartered Tax Advisor and a member of the State Council (Tas) and the State Taxes Committee (Tas) of The Tax Institute. He has a Master of Laws (Melb) and a Bachelor of Arts-Laws (Tas). Ron is a nationally respected tax and trusts technical writer and presenter. Ron was recognised by Doyle’s Guide Leading Tax Lawyer – Victoria for 2015 to 2023 and Best Lawyers for tax law – Australia for 2021 to 2023. - Current at 15 May 2024
Click here to expand/collapse more articles by Ron JORGENSEN.
Daniel Smedley CTA
Daniel Smedley, CTA, enjoys helping private enterprise clients solve complex taxation and trust law issues. He is a trusted confidant in planning the succession of his clients’ personal and business affairs. Daniel is a Chartered Tax Adviser (The Tax Institute) and an Accredited Specialist in Taxation Law (Law Institute of Victoria). He is recognised by his peers in Doyles Guide and Best Lawyers for his work in Taxation, Trusts and Succession Planning. Daniel is a regular presenter at state and national industry conventions, conferences and workshops. - Current at 05 February 2026
Click here to expand/collapse more articles by Daniel SMEDLEY.

 

This was presented at 45th Victorian State Convention: Finding buried treasure .

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

Individual sessions

Superannuation - not so simple

Author(s):  Kim COWIE,  Bernie O'SULLIVAN

Materials from this session:

Digging for gold in black holes: Black hole expenditure - what's fixed and what isn't?

Author(s):  Tim NEILSON

Materials from this session:

Drawing a treasure map - tax in 5 to 10 years

Author(s):  Neil A WARREN

Materials from this session:

CGT Rollovers: restructuring for the top end

Author(s):  Richard CZERWIK,  Stephen CARPENTER

Materials from this session:

Restructuring for SMEs

Author(s):  Michael SELTH,  Michael JONES

Materials from this session:

Navigating through corporate restructuring tax provisions

Author(s):  Michael CLOUGH,  Daniel SNYDER

Materials from this session:

Tax issues for property developers, one-off builders and developers

Author(s):  Lachlan R WOLFERS

Materials from this session:

CGT small business concessions - selected issues

Author(s):  Ron JORGENSEN,  Daniel SMEDLEY

Materials from this session:

Latest remuneration strategies

Author(s):  Elizabeth LUCAS

Materials from this session:

HWI audits: the long and winding road

Author(s):  Paul SOKOLOWSKI

Materials from this session:

Intellectual property: traps & opportunities

Author(s):  Anthony BRADICA

Materials from this session:

International tax - there's treasure buried all over the world

Author(s):  Liam COLLINS

Materials from this session:

Managing risks in a tax audit: the tax man cometh

Author(s):  Michael BERSTEN

Materials from this session:

New land tax and stamp duty issues and planning techniques

Author(s):  Zoe CHUNG

Materials from this session:

Consolidation...unfinished business

Author(s):  Michelle DE NIESE

Materials from this session:

The pending taxation of financial arrangements regime - practical analysis

Author(s):  Ken SPENCE,  Simon HAINES,  Enzo COIA

Materials from this session:

Holding on to your treasure: bankruptcy and the implications for asset protection

Author(s):  Michael LHUEDE

Materials from this session:

Winning treasure from the courts - treatment of compensation payments and damages awards

Author(s):  Michael HINES

Materials from this session:

The 'ins' and 'outs' of testamentary trusts

Author(s):  Bruce COOK

Materials from this session:

Exploring new waters - emerging trust issues

Author(s):  Graeme HALPERIN

Materials from this session:

Tax Practice 2006

Author(s):  Chris WALLIS,  Keith JAMES,  Neil EARLE

Materials from this session:

Further details about this event:

 

Copyright Statement