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  2021

2021 Local Tax Club Series - Small Business CGT - Are My Assets Active? (Sydney)

Source: New South Wales

Published Date: 19 Aug 2021

 
The concept of an "active asset"? is fundamental to the application of the small business CGT concessions. Recent cases have created confusion amongst advisers and their clients in this supposedly "basic"? area. This seminar sought to clarify some of the uncertainty and covered the following issues:
  • What is an active asset? (i.e. analysis of section 152-40 of the ITAA 1997)
  • Analysis of recent cases, guidelines and rulings (e.g. FCT v Eichmann [2019] FCA 2155 and SWPD and FCT [2020] AATA 555)
  • Review of recent amendments to the definition of active asset (e.g. "new"? active asset test for shares or interests in trusts)
  • Practical case studies.

Small Business CGT - Are My Assets Active?

Author(s): Natalie Hewson
Materials from this session:

Details

  • Published On:19 Aug 2021
  • Took place at:Online

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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