Skip to main content
shopping_cart

Your shopping cart is empty

Sale of property assets – Achieving a completely legal CGT wipe-out paper

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.

Author profile:

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 Click here to expand/collapse more articles by Michael BUTLER.
 

This was presented at 5th Annual Property Day.

Get a 20% discount when you buy all the items from this event.

Individual sessions




The small property developer - Opportunities abound

Author(s):  Richard Bowden

Materials from this session:

2012 Adelaide property market

Author(s):  Oren Klemich

Materials from this session:


Case study: The individual investor

Author(s):  Dom Cosentino

Materials from this session:

Further details about this event:

 

Copyright Statement