Published on 01 Jul 08
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
It is widely appreciated by practitioners that the small business CGT concessions in Division 152 are generous. Upon closer examination of the concessions, both pitfalls and treasures can be seen. This article presents an overview of the provisions, and highlights both particular problems and opportunities that arise, and how to plan to maximise the access to the benefits offered by Division 152.
John is a Special Counsel at Clayton Utz
Brisbane and specialises in revenue and commercial law. He has
provided legal advice in respect of the structuring, restructuring,
purchase and sale of businesses and entities of all types. He has
particular experience in CGT planning for the sale of businesses
and also practises in stamp duty, GST and general tax.
- Current at
19 June 2012