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Let’s get active! The CGT participation exemption

Published on 01 Oct 06 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The CGT Participation Exemption reduces capital gains and losses of an Australian resident holding company on sale of shares in a foreign company conducting an “active” business. This article examines the exemption and, in particular, the tax issues concerning whether assets of a foreign company are “active” in nature.

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Philip BENDER

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