Small business CGT concessions: Some traps, twists and tips paper
Published on 12 Aug 10
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- who is an 'affiliate' and who is not?
- who is 'connected with' who?
- $6 million maximum net asset value test
- active asset test
- the additional basic conditions for shares in a company or units in a trust in the context of the 15 year exemption
- the retirement concession
- CGT caps.