All legislative references are to the Income Tax Assessment Act 1997.
In order to obtain the benefit of the small business CGT concessions, if the relevant CGT asset is either a share in a company or an interest in a trust, the taxpayer must either be(subsection 152-10(2)):
a. a CGT concession stakeholder in the object company or trust; or
b. CGT concession stakeholders in the object company or trust together have a small business participation percentage in you of at least 90%.
Capital Gains Tax (CGT)
Tax Issues Entry System: Issues
Published Date: 24 Dec 2010
Details
- Published By:Taxation Institute Of Australia
- Published On:24 Dec 2010
- Session Name:Tax Issues Entry System: Issues
- Read Time:10+ minutes
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Capital Gains Tax (CGT)
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