Published on 10 Mar 00
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper reviews the taxation of small business in relation to Ralph Review which has provided a basis for a simplified tax regime for the operation of small business, and introduced concessions for the application of Capital Gains Tax (CGT') to business. The proposals from the Ralph Report effectively are either in place (e.g. CGT) or are to be introduced over the remainder of this financial year, to have a latest effective operational date of 1 July 2001.