shopping_cart

Your shopping cart is empty

Tax Issues Entry System: Issues

Published on 24 Dec 10 by THE TAX INSTITUTE

All legislative references are to the Income Tax Assessment Act 1997.
In order to obtain the benefit of the small business CGT concessions, if the relevant CGT asset is either a share in a company or an interest in a trust, the taxpayer must either be(subsection 152-10(2)):

a. a CGT concession stakeholder in the object company or trust; or
b. CGT concession stakeholders in the object company or trust together have a small business participation percentage in you of at least 90%.

Author profile

TAXATION INSTITUTE OF AUSTRALIA
- Current at 19 November 2004
Click here to expand/collapse more articles by TAXATION INSTITUTE OF AUSTRALIA.

 

Copyright Statement
click to expand/collapse