CGT assets and trusts

Published on 21 Mar 00 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper has been prepared to provide information to tax practitioners and other interested parties on the recent changes to the taxation of capital gains made by trusts and beneficiaries. It may be useful as a summary/checklist of capital gains tax outcomes from the disposal of assets after certain dates on assets acquired by trusts prior to certain dates. It should also provide some basic guidance to the small business CGT relief that is available for the disposal of active (business) assets by trusts and for the disposal of interests in certain business trusts.

Author profile

Ian Snook CTA

Ian Snook is a Partner at William Buck providing services to medium business enterprises and professions with his primar function being to provide taxation advice including tax planning, compliance and business structuring. Ian is a current member of The Tax Institute's South Australian State Council and Tax Technical Committee. - Current at 13 October 2016

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