Special provisions for small business taxpayers have been part of the capital gains tax framework since the enactment of the original Part IIIA of the Income Tax Assessment Act 1936 ("the 1936 Act"), which provided in Division 19 for concessional treatment of the proceeds of sale of goodwill. Further roll-over and exemption provisions were enacted in Divisions 17A and 17B of that Part with effect from 1 July 1997, relating respectively to a rollover where small business assets were replaced, and an exemption for proceeds of sale of small business assets applied to retirement benefits.
Miscellaneous
1999
Small business rollover and exemption provisions
Source: QLD
Published Date: 24 Oct 1999
Details
- Published By: David Russell CTA-Life
- Published On:24 Oct 1999
- Took place at:Legends Hotel, Surfers Paradise
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Tags
Miscellaneous
1999
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