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 Director of Schurgott & Co Lawyers and Special Counsel with Brown Wright Stein Lawyers, Sydney. He has extensive experience in all aspects of tax (including state taxes and litigation), as well as business structuring, business sales and acquisitions, asset protection, succession planning and trust and estate law. Ken has been, until recently, a member of the Advisory Panel to the Board of Taxation and heavily engaged in ongoing consultation in relation to the reform of the taxation of trusts and trust issues generally.
- Current at
22 May 2017