Miscellaneous 2005

CGT small business concessions

Source: South Australia

Published Date: 5 May 2005

 

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The CGT small business concessions have now been with us for over five years, but continue to be difficult to apply in practice. This paper examines the different concessions, with a particular focus on the following aspects:

  • connected entities
  • small business CGT affiliates
  • $5m net asset test
  • active asset test
  • controlling individuals.

These issues are explained with the use of practical examples involving common business structures (including companies, partnerships and trusts).

Individual Session

CGT small business concessions

Author(s): Paul Ingram CTA
Materials from this session:

Details

  • Published By: Paul Ingram CTA
  • Published On:5 May 2005
  • Took place at:Novotel Barossa Valley Resort

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