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Small business rollover and exemption provisions
Published on 24 Oct 99 by QUEENSLAND DIVISION, THE TAX INSTITUTE
Special provisions for small business taxpayers have been part of the capital gains tax framework since the enactment of the original Part IIIA of the Income Tax Assessment Act 1936 ("the 1936 Act"), which provided in Division 19 for concessional treatment of the proceeds of sale of goodwill. Further roll-over and exemption provisions were enacted in Divisions 17A and 17B of that Part with effect from 1 July 1997, relating respectively to a rollover where small business assets were replaced, and an exemption for proceeds of sale of small business assets applied to retirement benefits.
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David Russell CTA-Life

This was presented at Trusts, Reform and Business Dealing .
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Business Dealings
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Resettlements, Trusts and Division 7A
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Trusts and the Ralph Proposals
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Small Business Rollover and Exemption Provisions
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