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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: