Karen Goodfellow

Karen Goodfellow, CTA is an experienced tax professional. She is a consultant, author and presenter with extensive experience in the tax advising and education (CPD/CPE) space. As the founder and operator of two successful tax training businesses Karen has detailed knowledge of Australia’s federal tax system. Karen’s extensive experience providing tax advice and training gives her an excellent understanding of the most pressing issues facing tax practitioners such as the taxation of trusts, Capital Gains Tax and Division 7A. Karen is the owner and principal of Practising Tax Pty Ltd, providing specialist tax consulting services and training to accountants, lawyers and other advisors to SMEs and family groups.

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SME

Session 5.1: Small business CGT concessions – Accessing the proceeds from a company

Speakers: Karen Goodfellow, CTA, Practising Tax, Frederick Mahar, CTA,
F M Mahar & Associates

The small business CGT concessions are generous and can result in no tax being payable on company disposals of active assets, but how can shareholders access the proceeds?

This session will consider the issues that can arise when shareholders access the proceeds of non-taxable CGT events, either at the time of the event or on liquidation, such as:

The requirement that the company make a payment to a CGT concession stakeholder
How that payment is accounted for; and
What happens on liquidation.

Karen Goodfellow, CTA

Session details

SME

Session 5.1: Small business CGT concessions – Accessing the proceeds from a company

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