shopping_cart

Your shopping cart is empty

  • Home
  • Practical application and implementation of CGT small business concessions presentation

Practical application and implementation of CGT small business concessions presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 06 Oct 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

In the recent Federal Budget changes arising from the Board of Taxation’s post implementation review of the small business CGT concessions were announced, together with a new significant stakeholder test. This presentation re-examines the small business CGT concessions from a practical perspective, highlighting some of the proposed changes and considering the traps that practitioners must continue to monitor. The presentation considers:

  • can a taxpayer’s structure result in a failure to satisfy the threshold tests?
  • is there an active asset?
  • what does need to be included in the maximum net asset value test?
  • how does the connection test operate?
  • what are the compliance traps?
  • what are the implications of choosing some concessions over others?
This was also presented by Ron Jorgensen on 21 Octobe 2006 at the Tasmanian State Convention.

Author profile

Daniel Smedley CTA
Daniel enjoys solving complex taxation and trust law issues for private enterprise clients. He is also a trusted confidant in planning the succession of his client’s personal and business affairs. Daniel is a Chartered Tax Advisor with The Tax Institute, accredited as a specialist in Taxation Law with the Law Institute of Victoria, and the principal author of the Trust Structures Guide published by The Tax Institute. Since 2016, Daniel has appeared in the list of one of Australia's “Best Lawyers of the Year” in the practice of tax law. The list is compiled by Best Lawyers and published in the Australian Financial Review. Daniel has also been recognised in Doyles Guide as a recommended tax lawyer since 2016. Daniel is a regular presenter at state and national industry conventions, conferences and workshops. - Current at 22 October 2019
Click here to expand/collapse more articles by Daniel SMEDLEY.

 

This was presented at 45th Victorian State Convention: Finding buried treasure .

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

Individual sessions

Superannuation - not so simple

Author(s):  Kim COWIE,  Bernie O'SULLIVAN

Materials from this session:

Digging for gold in black holes: Black hole expenditure - what's fixed and what isn't?

Author(s):  Tim NEILSON

Materials from this session:

Drawing a treasure map - tax in 5 to 10 years

Author(s):  Neil A WARREN

Materials from this session:

CGT Rollovers: restructuring for the top end

Author(s):  Richard CZERWIK,  Stephen CARPENTER

Materials from this session:

Restructuring for SMEs

Author(s):  Michael SELTH,  Michael JONES

Materials from this session:

Navigating through corporate restructuring tax provisions

Author(s):  Michael CLOUGH,  Daniel SNYDER

Materials from this session:

Tax issues for property developers, one-off builders and developers

Author(s):  Lachlan R WOLFERS

Materials from this session:

CGT small business concessions - selected issues

Author(s):  Ron JORGENSEN,  Daniel SMEDLEY

Materials from this session:

Latest remuneration strategies

Author(s):  Elizabeth LUCAS

Materials from this session:

HWI audits: the long and winding road

Author(s):  Paul SOKOLOWSKI

Materials from this session:

Intellectual property: traps & opportunities

Author(s):  Anthony BRADICA

Materials from this session:

International tax - there's treasure buried all over the world

Author(s):  Liam COLLINS

Materials from this session:

Managing risks in a tax audit: the tax man cometh

Author(s):  Michael BERSTEN

Materials from this session:

New land tax and stamp duty issues and planning techniques

Author(s):  Zoe CHUNG

Materials from this session:

Consolidation...unfinished business

Author(s):  Michelle DE NIESE

Materials from this session:

The pending taxation of financial arrangements regime - practical analysis

Author(s):  Ken SPENCE,  Simon HAINES,  Enzo COIA

Materials from this session:

Holding on to your treasure: bankruptcy and the implications for asset protection

Author(s):  Michael LHUEDE

Materials from this session:

Winning treasure from the courts - treatment of compensation payments and damages awards

Author(s):  Michael HINES

Materials from this session:

The 'ins' and 'outs' of testamentary trusts

Author(s):  Bruce COOK

Materials from this session:

Exploring new waters - emerging trust issues

Author(s):  Graeme HALPERIN

Materials from this session:

Tax Practice 2006

Author(s):  Chris WALLIS,  Keith JAMES,  Neil EARLE

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse