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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: