Published on 11 Dec 02
by THE TAX INSTITUTE
The Institute of Chartered Accountants (ICAA), The Taxation Institute of Australia (TIA) and CPA Australia (CPA) are writing to express concern at the recent interpretation that the ATO has adopted in ID 2002/921. This interpretative decision severly limits access to the small business CGT concessions for a significant number of taxpayers who should in our view be able to benefit from the concessions - and for whom we believe such concessions were intended.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
TAXATION INSTITUTE OF AUSTRALIA