Published on 20 Aug 08
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Primary producers are uniquely positioned in many cases to take advantage of the CGT Small Business Concessions when their properties are sold or restructured. This paper explores these opportunities and illustrates them with practical examples. Topics covered include:
issues and opportunities with $2M turnover - small business entity test
use of concessions for family land restructures
specific issues for primary producers concerning maximum net asset value test and active assets test
CGT planning opportunities
optimal primary production land holding structures.
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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