Published on 01 Nov 10
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Access to the CGT small business concessions depends on satisfying four basic conditions that, in turn, rely on layered conditions which focus on the characteristics of CGT assets and entities. This article explores, with 19 examples, complexities that arise when a company owned by Mum and Dad is the trading entity. Unanticipated outcomes highlight the difficulty of planning and protecting a client's exit strategy. Comparative results tables are included.
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