2023 Capital Gains Tax (CGT) Small business tax concessions

CGT Small Business Concessions

Source: New South Wales

Published Date: 17 May 2023

 

Although the small business CGT concessions have been around for more than 20 years practitioners still find them to be complex, convoluted and difficult.

This presentation goes through the extra conditions and steps that need to be carefully navigated, once you have the basic conditions satisfied, and will cover:

  • Getting the CGT concession stakeholder and exempt CGT amount right, especially where it flows through trusts or multiple layers of entities
  • Death of an owner – how do the concessions work for the beneficiaries of the estate?
  • Look through earn out rights vs the separate asset approach – how do you know it qualifies for the concessions and how do you deal with it?
  • The 15 year exemption flowing through a company or trust with different shareholders – getting it right.

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Individual Session

Author(s): Stuart Lecornu CTA
Materials from this session:

Details

  • Published By: Stuart Lecornu CTA
  • Published On:17 May 2023
  • Took place at:Sofitel Sydney Wentworth

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2023 Capital Gains Tax (CGT) Small business tax concessions

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