The small business CGT concessions are generous and can result in no tax being payable on company disposals of active assets, but how can shareholders access the proceeds?
This session will consider the issues that can arise when shareholders access the proceeds of non-taxable CGT events, either at the time of the event or on liquidation, such as:
- The requirement that the company make a payment to a CGT concession stakeholder
- How that payment is accounted for; and
- What happens on liquidation.