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 CTA
Michael is the Partner in charge of the Finlaysons Tax & Revenue Group. Michael advises domestic and foreign clients on federal, international and state tax matters, and has a special interest in mining and property taxation, corporate restructurings, international tax issues, and estate and succession planning. Michael is the Visiting Lecturer in Tax at the University of Adelaide Law School, and is a regular contributor to The Tax Institute events. Current at 19 March 2015
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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