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Practical Guide to Small Business CGT Concessions

Published on 09 May 2013 | Took place at Kooyong Lawn Tennis Club, Melbourne, VIC

    The small business CGT concessions are very complex. In recent times they have undergone a number of changes and there have been a number of case decisions in relation to them. This session provided attendees with a comprehensive up-to-date guide on the small business CGT concessions as they now apply. The presenter ran through each of the requirements that need to be satisfied as well as each of the concessions themselves. In doing so he provided practical tips and guidance on how to get the most out of the concessions. Examples and case studies based on real life scenarios were used to illustrate the operation of the concessions.

Individual sessions

Practical guide to small business CGT concessions

Author(s):  Robert WARNOCK

This paper covers:

  • satisfying the $6 million test - what the ATO looks for in real life
  • connected entities and affiliates - recent and proposed changes
  • satisfying the tests in multiple entity structures
  • overcoming the active asset traps
  • 15 year exemption
  • planning to obtain the retirement exemption
  • when to use the small business roll-over relief
  • interaction between the concessions and SMSFs.
Materials from this session: