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The small business CGT concessions: How they interact with trusts paper
Published on 17 May 12 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
- analysis of the maximum net asset value test
- the ‘connected with’ test - It’s all about control
- control of an entity other than a discretionary trust - Particular trust issues
- control of a discretionary trust - The “trustee reasonable to expect to act” control rule
- control of a discretionary trust - Pattern of distributions rule
- Commissioners exercise of discretion - 328-125(6)
- the significance of the significant individual test
- timing Issues with distributions from trusts and satisfying the significant individual test
- the trust streaming measures
- structuring issues and ordering of the concessions.
Author profile
Vanessa Priest FTI
Vanessa Priest, FTI, of SW Accountants & Advisers has more than 25 years’ experience as a tax specialist and has a particular interest in the tax and succession issues faced by privately owned enterprises and family groups. She has extensive knowledge in areas such as tax structuring, cross border issues, asset acquisitions and divestments, and tax issues arising for trusts. She has written and presented many papers for key professional associations, such as The Tax Institute, the Institute of Chartered Accountants in Australia, the Television Education Network, and Company Secretaries of Australia. Vanessa was a partner at Deloitte Private and prior to that was a partner at BDO and Crowe Horwath. Vanessa is a Chartered Accountant and has degrees in Teaching, Commerce (majoring in Accounting and Economics) and a Masters in Tax Law. She is a Fellow of the Taxation Institute of Australia, a member of Tax Discussion Group No. 14 and the Challis Group. She is currently a member of the State Council for The Tax Institute.
- Current at
07 June 2024
This was presented at NSW 5th Annual Tax Forum .
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