Skip to main content
shopping_cart

Your shopping cart is empty

Small business CGT concessions - Practical issues

Published on 30 Aug 2012 | Took place at Leonda by the Yarra, Melbourne , VIC

    The ATO continues to successfully challenge many taxpayers' claims for the small business CGT concessions. Using a number of practical case studies based on real life situations Rob Warnock, CTA, highlighted the main issues that tax advisers need to be aware of for their clients’ dealings in this complex area:
  • Satisfying the $6m MNAV test
  • How to prove 'market value' is less than sale price
  • Capturing all allowed liabilities - recent cases
  • Including all connected entities
  • Required trust distributions to ensure the 90% and other tests are satisfied
  • What constitutes 'retirement'
  • Small business rollover planning tips
  • Retirement exemption conditions issue.

Individual sessions

Small business CGT concessions - Practical issues

Author(s):  Robert WARNOCK

The ATO continues to successfully challenge many taxpayers' claims for the small business CGT concessions. Using a number of practical case studies based on real life situations Rob Warnock, CTA, highlights in this paper, the main issues that tax advisers need to be aware of for their clients’ dealings in this complex area:

  • Satisfying the $6m MNAV test
  • How to prove 'market value' is less than sale price
  • Capturing all allowed liabilities - recent cases
  • Including all connected entities
  • Required trust distributions to ensure the 90% and other tests are satisfied
  • What constitutes 'retirement'
  • Small business rollover planning tips
  • Retirement exemption conditions issue.
Materials from this session: