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CGT small business concessions – Some things that may surprise you paper!

Published on 13 Mar 09 by NATIONAL DIVISION, THE TAX INSTITUTE

The new and improved small business concessions continue to provide practitioners with incredible opportunities to save tax for clients but their application is far from straightforward. This paper helps you chart a course through specific pitfalls of the concessions as well as examining some of the new opportunities that continue to emerge. Topics covered include:

  • the small business entity rules – upsides and downsides
  • the benefits of carrying on a business
  • new definitions of “affiliate” and “connected with”
  • how spouses can be useful
  • issues with selling shares or units
  • issues with the active asset test
  • interest-free loans from the Government using the rollover concession
  • Part IVA and the SBC.

Author profile:

Author Photo - Stephen HOLMES
Stephen HOLMES

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This was presented at 24th National Convention 2009 .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Justice Hill Memorial Lecture - Statutory interpretation

Author(s):  Murray GLEESON

Materials from this session:










The new R&D tax concession

Author(s):  David GELB,  Paul VAN BERGEN

Materials from this session:










Transfer Pricing: Applying the arm’s length principle in a world without comparables

Author(s):  Marc SIMPSON

Materials from this session:


Long live the goose - Recent cases dealing with tax concession charities

Author(s):  Jennifer BATROUNEY

Materials from this session:

Further details about this event:

 

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