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Trusts in transition: trusts and the new CGT concessions

Published on 01 May 00 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

the Government has now indicated that trusts will only be entitled to the capital gains tax discount arising under s 102-3 of the ITAA 97 where the asset giving rise to the capital gain was acquired before on or before 23 December 1999. This article sets out the rules for trusts.

Author profile

Peter Slegers CTA
Photo of author, Peter SLEGERS Peter Slegers, LLB (Hons), MTax, CTA Partner Cowell Clarke Peter heads Cowell Clarke's tax and revenue practice group. Peter advises and acts for a wide range of public and private companies as well as for the trustees of self managed superannuation funds. Peter’s areas of expertise include: income tax (as it impacts on business and high net worth clients); capital gains tax; goods and services tax; state taxes and superannuation law. Peter also does succession planning work and is involved in significant business restructures. Peter is regularly involved in advising SMSF trustees on issues associated with superannuation income streams. Peter has a master’s degree in taxation from the University of NSW – ATAX School. Peter is also a member of the Australian Institute of Company Directors and the SMSF Professionals Association of Australia Ltd. Peter is a member of the Tax Institute’s South Australian State Council. - Current at 19 July 2017
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