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Small business CGT concessions: Practical update

Published on 04 Apr 2013 | Took place at The Grace Hotel, Sydney , NSW

The ATO continues to challenge many taxpayers’ entitlement to the small business CGT concessions.

This session provides some practical tips for working with the concessions:

  • the $6m max net asset test - What assets are included and what are the planning opportunities?
  • what is market value and what liabilities can be taken into account?
  • the ongoing consequences of using the rollover relief
  • s retirement required?
  • ATO audit activity – tips for being ready for a review
  • accessing the concessions through entities.

Individual sessions

April 2013 tax update

Author(s):  Charis Liew

This presentation covers:

  • exposure draft: Removing the CGT discount for foreign individuals
  • Weeks v FCT [2013] FCAFC 2
  • Batchelor v FCT [2013] AATA 93
  • Rawson Finances Pty Ltd v FCT [2013] FCAFC 26
  • Confidential v FCT [2013] AATA 112
  • GSTD 2013/1 – Failed payment fee.
Materials from this session: