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Small Business CGT Concessions - Pitfalls in Practice

Published on 25 Jun 2010 | Took place at Mercure Hotel, Geelong, VIC

The small business CGT concessions are some of the most complex tax rules we have today. Many people mistakenly claim the concessions when they are not entitled. The ATO is increasingly reviewing taxpayers who claim the concessions.

This event discussed the pitfalls facing advisers in the small business CGT concession space, in the context of key focus areas for ATO compliance activity.

This event was also held in Melbourne on 24 June 2010.

Individual sessions

Small business CGT concessions - Pitfalls in practice

Author(s):  Robert WARNOCK This paper covers:

  • Bamford and the small business CGT concessions
  • pitfalls with two-tiered business structures
  • pitfalls with the 90% test
  • maximum net asset value test
  • active asset test
  • triggering CGT event J2 without selling the replacement asset
  • dividend access shares and significant individual
  • small business entity test and partnerships.
Materials from this session: