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Income tax and CGT presentation

Published on 27 Feb 14 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation covers:

  • revisit the key concepts – capital v revenue:
    • history and established precedent
    • trends in cases & ATO approach
    • consideration of enterprise?
  • business or not?:
    • trading stock issues & practicalities
    • not trading stock – how does that work?
    • what if I make a loss?
  • practical considerations:
    • moving from capital to revenue
    • identifying and preserving capital gain.

Author profile

Scott McGill CTA
Scott is a Partner at Pitcher Partners Sydney where he focuses on taxation, business, structuring and succession issues for a wide range of clients. Scott also heads the property industry speciality in the Sydney practice, working with small and large developers, retirement village operators and investors as well as aged care providers. Scott is active in The Tax Institute as New South Wales State Chair, and in number of technical forums including the Property Council, Retirement Living Council and CAANZ taxation working groups. He has extensive experience in income tax, GST and state taxes from both his time in public practice as well as at the ATO, and has a reputation for achieving commercial outcomes on complex issues. - Current at 04 January 2018
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This was presented at SME Property Masterclass .

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

Individual sessions





Panel session

Author(s):  Chris ARDAGNA,  Martin BOOTH,  Scott MCGILL,  Andrew RIDER,  Todd Want

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