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Sale of property assets – Achieving a completely legal CGT wipe-out 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 03 Feb 12 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • do you qualify for Division 152 reliefs?
  • are you an SBE?
  • what is your aggregated turnover?
  • who is your affiliate?
  • who is connected with you?
  • when do you satisfy the *maximum net asset value test?
  • conducting businesses through company & trust chains
  • what is a CGT concession stakeholder?
  • what is your small business participation percentage?
  • what is an active asset?
  • not an active asset if used for rental
  • for how long must you own an active asset?
  • selling assets down the corporate/trust chain.

Author profile

Michael Butler CTA-Life
Michael Butler, CTA, is the Partner in charge of the Finlaysons Tax & Revenue Group. Michael advises domestic and foreign clients on federal, international and state tax matters, and has a special interest in corporate restructurings, cross-border investment, property, wine and mining taxation, trusts, and estate and succession planning. Michael is a past chair of The Tax Institute’s South Australia State Council and a regular contributor to Institute events. Michael was made an Honorary Life Member of The Tax Institute in 2024. - Current at 13 May 2025
Click here to expand/collapse more articles by Michael BUTLER.

 

This was presented at 5th Annual Property Day .

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

Individual sessions

SMSF borrowing

Author(s):  Matthew TRIPODI

Materials from this session:

The impact of GST on property

Author(s):  Matthew NICHOLLS

Materials from this session:

Sale of property assets- Achieving a completely legal CGT wipe-out

Author(s):  Michael BUTLER

Materials from this session:

Land valuation

Author(s):  Michael CHURCHILL

Materials from this session:

The small property developer - Opportunities abound

Author(s):  Richard Bowden

Materials from this session:

2012 Adelaide property market

Author(s):  Oren Klemich

Materials from this session:

Stamp duty

Author(s):  Marc ROMALDI,  Lucy SIMEONI

Materials from this session:

Case study: The individual investor

Author(s):  Dom Cosentino

Materials from this session:

Further details about this event:

 

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