The small business CGT concessions are generous and can result in no tax being payable on company disposals of active assets. Access to the CGT concessions may relieve the company of a tax liability - but how can shareholders access the proceeds?

The retirement exemption requires that the company make a payment to a CGT concession stakeholder.  How should that payment be accounted for in the accounting records of the company? What happens on liquidation?

This session will consider the issues that can arise when shareholders access the proceeds of non-taxable CGT events in companies, either at the time of the event or on liquidation.

Developers often want to acquire land comprised of several parcels, where parcels may be held by different owners and or with different tax provenances while maintaining  a desire to pay by instalments while maintaining maximum flexibility. 

This session will consider:

• Other important issues
• Does your PDA include provision for instalments?  
• Does your PDA deal with parcels having different tax provenance (e.g. margin scheme or MRE or active asset?); and
• Is a parcel on the vendor's revenue account or capital account and does it matter.

Developers often want to acquire land comprised of several parcels, where parcels may be held by different owners and or with different tax provenances while maintaining  a desire to pay by instalments while maintaining maximum flexibility. 

This session will consider:

• Other important issues
• Does your PDA include provision for instalments?  
• Does your PDA deal with parcels having different tax provenance (e.g. margin scheme or MRE or active asset?); and
• Is a parcel on the vendor's revenue account or capital account and does it matter.