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Published on 03 Feb 12
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
do you qualify for Division 152 reliefs?
are you an SBE?
what is your aggregated turnover?
who is your affiliate?
who is connected with you?
when do you satisfy the *maximum net asset value test?
conducting businesses through company & trust chains
what is a CGT concession stakeholder?
what is your small business participation percentage?
what is an active asset?
not an active asset if used for rental
for how long must you own an active asset?
selling assets down the corporate/trust chain.
Michael Butler FTIA is a Partner at Finlaysons' Tax & Revenue Group. Michael advises both domestic
and foreign clients on federal, international and state tax matters, and has a special interest in property tax
issues. Michael is the author of the book "Australian Federal Company Taxation" and a regular contributor to Taxation
Institute of Australia events. Current at 23 March 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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