Published on 01 Apr 04
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The proposed discretionary trust amendments to the CGT small business concession provisions in Div 152 ITAA 1997 were introduced into Parliament on 19 February 2004 in Schedule 3 of the Tax Laws Amendment (2004 Measures No 1) Bill 2004.
The amendments in so far as they relate to tax exempt entities and deductible gift recipients appear to be unexceptional and are clearly beneficial.
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