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Small Business CGT Tips & Traps

Published on 08 Apr 2014 | Took place at Australian Institute of Management SA, Hindmarsh, SA

The small business capital gains tax concessions are designed to provide generous tax concessions to eligible small business owners. Changes to the legislation over time have extended the scope of the concessions, enabling more people to access the concessions. Whilst aimed at small business owners, determining eligibility is anything but simple. Any errors in determining eligibility can leave clients (and their advisers) with a big tax headache.

With the ATO specifically targeting use of the concessions and recent Court decisions covering a number of interpretative aspects of the legislation, this event was designed to provide attendees with the tools necessary to highlight strategies and avoid the pitfalls when advising clients.

Individual sessions

Small business CGT concessions

Author(s):  Corey BEAT

This paper covers:

  • basic conditions for relief
  • small business CGT concepts
  • basic threshold tests
  • active asset
  • small business roll-over.
Materials from this session: