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CGT small business concessions presentation

Member Price: Free
Non Member Price: $15.00

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 21 May 09 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This presentation, almost 80 slides, covers:

  • first round of changes
  • second round of changes
  • third round of changes
  • basic rules for CGT SB concessions
  • what is an SBE (small business entity)?
  • SBE tests
  • aggregated turnover
  • new rule re passive assets
  • passive assets and partnerships
  • maximum net asset value
  • who or what is an affiliate?
  • when is an entity "connected with" you?
  • new deemed affiliate rule
  • active asset test
  • when does an asset have to be active?
  • changes to active asset test
  • selling shares or units.

Author profile

Richard Friend
Richard spent most of the first 23 years of his professional career in Brisbane in the tax practice of Andersen and then Ernst & Young. He now operates a tax consulting business through Balena Tassa Pty Ltd. Richard has particular expertise in tax and related structuring issues for the private client market. Most of his work is done by way of consulting to, and providing training for, accountants and lawyers around Australia who operate in these areas. - Current at 19 May 2017
Click here to expand/collapse more articles by Richard J FRIEND.

 

This was presented at Small Business Sale and Acquisition Workshop .

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Individual sessions

CGT small business concessions

Author(s):  Richard J FRIEND

Materials from this session:

CGT Small Business Concessions - Case study and questions

Author(s):  Paul TANTI

Materials from this session:

Further details about this event:

 

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