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CGT concession enables property transfers into superannuation

Publication date: 24 Mar 05 | Source: WEEKLY TAX BULLETIN

Issue: No 12 24 March 2005

Pages: 427

Abstract:

Small business owners may now use the small business CGT retirement exemption when a transfer of property is used to make a contribution to a self managed fund. Previously the business owner was required to make a cash contribution of the capital proceeds directly into superannuation.

 

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Author profile

Dr Mark Pizzacalla CTA
Mark is Partner-in-Charge of the Private Clients practice at BDO Melbourne as well as being integrally involved in the firm's Tax and Advisory practice. Mark's focus is on both strategic tax advisory and tax compliance as they relate to the private client sector. Mark is a regular speaker on taxation issues, and a prolific writer having contributed significant tax commentary through his numerous articles, publications and conference papers. Mark has been regularly interviewed on Lateline Business in relation to current taxation issues, and is one of the few tax practitioners that has had his work cited in Australia's Parliament. Mark is a current member of The Tax Institutes Technical Committee, and former Chair of The Tax Institutes National SME Sub-Committee. Mark has been appointed by the Federal Government to the Board of Taxation - a non-statutory Board charged with contributing a business and broader community perspective in improving the design of taxation laws and their operation. - Current at 06 September 2016
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