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.
Anthony Evans CTA
Tony is the founding director
of Gustax Consulting Pty Ltd (trading
as “Just Tax Consulting”). Current at 01 November 2010
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Chris has a long history of addressing difficult issues particularly in the context of tax education and tax training. He is located in Melbourne and has been at the Bar for 22 years, as well as sharing his specialist knowledge with practitioners while running training sessions. Current at 18 February 2013
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