Miscellaneous 2004

Tax Tips: Shares and Trust Interests as active assets

Source: Taxation In Australia Journal Article

Published Date: 1 Feb 2004

A capital gain that is made from a CGT event happening in relation to a share or an interest in a trust can qualify for the CGT small business concessions in certain circumstances.

This article briefly examines the more important issues that arise under the CGT small business concession provisions in relation to shares and trust interests. If a share or trust interest is a pre-CGT asset, it would generally be the case that any capital gain that could be relevant for the purposes of the CGT small business concessions would be disregarded in any event.

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Miscellaneous 2004

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