Small business CGT roll-over relief: is the packaging of qualifying conditions a gangrene-inducing tourniquet or a necessary bandage?
01 Oct 97 |
RETIREMENT & ESTATE PLANNING BULLETIN
Issue: Vol 1, No2
Pages: pp. 23-28
There are two new measures which apply from 1 July 1997 to provide CGT rollover relief on the sale of the assets of a small business. Broadly, one applies where taxpayers acquire replacement business assets whereas the other applies where the sale proceeds are used for retirement purposes. The author conducts an in depth examination of the new CGT small business replacement rollover. The proposed CGT small business retirement rollover is examined in the following issue.
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Chris is a Professor, School of Taxation & Business Law, UNSW Australia, Extraordinary Professor, Department of Taxation, University of Pretoria, and Senior Research Fellow, Tax Law and Policy Research Group, Monash University.
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01 October 2016