shopping_cart

Your shopping cart is empty

Small business CGT concessions and related trust 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 23 Nov 06 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

The small business CGT concessions offer significant opportunities, but you must be skilled enough to find them! This paper highlights the key issues you need to be aware of in relation to trusts, and budget changes, including:

  • analysis of the maximum net asset value test
  • the connected entities rule and the active asset test
  • the controlling individual and CGT concession stakeholder tests
  • structuring issues and ordering of the concessions
  • contract implications
  • identifing the controller of discretionary trusts.
This paper was also presented on 27 October 2006 at the Tax Intensive Seminar held in Victor Harbor, SA.

Author profile

Dr Mark Pizzacalla CTA
Dr Mark Pizzacalla, CTA is Partner-in-Charge of the Business Services practice of BDO in Melbourne, and is integrally involved in the firm’s Tax and Advisory practice. Dr Pizzacalla’s business experience, including acting as Managing Partner of his predecessor firm, gives him a strong appreciation of both the strategic and operational issues facing business and provides relevance to the technical tax advice he delivers. Dr Pizzacalla completed his PhD in relation to the taxation of SMEs in Australia and is one of the few tax practitioners whose work has been cited in Australia’s Parliament. Dr Pizzacalla is a member of The Tax Institute’s Victorian Technical Committee, and is a former Chair of The Tax Institute’s National SME Sub-Committee, as well as being a former Victorian State Councillor. Dr Pizzacalla was appointed to the Board of Taxation in January 2015 and was reappointed for a further three-year term commencing 1 January 2018. - Current at 04 July 2023
Click here to expand/collapse more articles by Mark PIZZACALLA.

 

This was presented at 14th National Tax Intensive Retreat: Trusts Under the Microscope .

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

Individual sessions

Trusts revisited

Author(s):  John W DE WIJN

Materials from this session:

Small business CGT concessions and related trust issues

Author(s):  Mark PIZZACALLA

Materials from this session:

Workshop 1: CGT small business concessions

Author(s):  Moira MERRICK

Materials from this session:

Trust distributions

Author(s):  Peter ALLEN

Materials from this session:

Testamentary trusts: not just 'another' trust

Author(s):  Arlene MACDONALD

Materials from this session:

Amending trust deeds

Author(s):  Grahame Young

Materials from this session:

Workshop 2: Trust distributions, testamentary trusts and amending trust deeds

Author(s):  Andrew Noolan

Materials from this session:

Bankruptcy and the implications for asset protection

Author(s):  Michael LHUEDE

Materials from this session:

International trusts

Author(s):  Campbell RANKINE

Materials from this session:

Further details about this event:

 

Copyright Statement