Published on 01 Oct 03
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Practitioners are frequently called on to consider the potential operation of the CGT small business reliefs for their clients, not only when an asset or business is being sold but also when advising on the way a business or business entity should be structured. The provisions which provide for these reliefs are contained in Div 152 ITAA
97 and although the provisions are comparatively not lengthy they have a somewhat complex operation and a failure
to take into account their precise terms can result in a misapprehension as to how the reliefs apply.
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