shopping_cart

Your shopping cart is empty

Dealing with pre-CGT assets 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 20 Sep 05 by VICTORIAN DIVISION, THE TAX INSTITUTE

If the asset is still pre-CGT, does that mean all dealings with it are CGT exempt? This paper considers the impact of the following direct and indirect dealings with pre-CGT assets:

  • creating new interests in pre-CGT assets
  • disposals of pre-CGT shares in companies and units in unit trusts
  • implications of restructures and roll-overs
  • interaction with the CGT SME concessions; and/or impacts of death
  • proper accounting for pre-CGT capital profits reserves (particularly for companies re: liquidations outcomes)
  • restructuring and preserving pre-CGT status - CGT roll-overs (eg. different outcomes under scrip for scrip vs demergers).

Author profile

John YOUNG
John is a Consulting tax Lawyer.
Current at 4 August 2008.
Click here to expand/collapse more articles by John YOUNG.

 

This was presented at Pre-CGT Status: Australia's Most Precious but Endangered Tax Attribute .

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

Individual sessions

Pre-CGT assets and corporate groups

Author(s):  Mark NORTHEAST

Materials from this session:

Dealing with pre-CGT assets

Author(s):  John YOUNG

Materials from this session:

"What have you got" - is it still a pre-CGT asset?

Author(s):  Keith JAMES

Materials from this session:

Further details about this event:

 

Copyright Statement