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Small Business CGT Case Study - How To Sell Your Business Tax-Free

Published on 06 May 2010 | Took place at Crowne Plaza Parramatta, Parramatta , NSW

The small business CGT concessions have been significantly expanded in recent years, and offer tremendous opportunities to pay little or no tax when selling a business.

This case study based event showed how to take advantage of these concessions, and illustrate many of the traps that can be avoided with careful planning, including:

  • the critical difference between selling the business entity and selling the business assets
  • applying the grouping rules, and strategies for staying under the $6m net asset threshold
  • when to use the alternative $2m turnover test for small business entities
  • making sure that the assets being sold are in fact active assets
  • some key traps when relying on the 15 year exemption
  • how to make best use of the retirement concession
  • using the replacement asset rollover to avoid paying tax altogether
  • implications of the May 2009 Budget changes
  • comments on relevant Government announcements (if any) following the Henry Review report.

This event was also held in Sydney on the 4th May 2010.

Get a 20% discount when you buy all the items from this event.

Individual sessions

May breakfast club tax update

Author(s):  Geeta MENON This presentation covers:

  • new and proposed legislation
  • cases
  • Henry Review - overview.
Materials from this session:

Small business CGT concessions case study - How to sell your business tax-free

Author(s):  Peter BEMBRICK This presentation covers:

  • brief overview of Div 152 concessions
  • case study - High Flyer Consulting
  • grouping rules - net asset & turnover tests
  • difference between asset sale and share sale
  • applying the four concessions
  • Henry Review - anything to report?
Materials from this session: