Published on 29 Oct 04
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers the tricks and traps of gaining access to small business CGT concessions. It includes consideration of:
- trust structuring issues
- calculation the $5.0m test
- applying the 80% active asset
- accessing the retirement exemption
- using the rollover concession effectively
- super fund interaction
- implications of consolidating.
Ken is a tax and commercial law partner in the Sydney office of SBN Lawyers. He has extensive experience in all aspects of tax (including State taxes) as well as business structuring, asset protection, succession planning and trust and estate law. Ken is a National Councillor of the Tax Institute and a member of the NSW Divisional Council and Education Committee. He is also a member of the Advisory Panel to the Board of Taxation and has recently been involved as a member of the Working Group on Managed Investment Trusts.
Current at 13 January 2009 Current at 25 March 2009
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