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The latest changes to the small business CGT concessions


This article examines the changes to the small business CGT concessions in Div 152 ITAA97 first announced by the Treasurer in the 2008-09 Budget in May 2008 and now contained in Tax Laws Amendment (2009 Measures No 2) Bill 2009. Intended to increase access to the small business CGT concessions, this article suggests that the changes could instead have a tendency to reduce access to the concessions.

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Author Photo - Robert Allerdice CTA
Robert Allerdice CTA
Robert has tax experience spanning 33 years, and is currently The Tax Institute's Tax Consultant. In this role, Robert edits TAXVINE, The Tax Institute's weekly email newsletter, and reviews all articles for publication in two of The Tax Institute's journals, Taxation in Australia and the Tax Specialist. Robert also assists in The Tax Institute's Structured Education program, filling the roles of Advanced Tax Convenor and Applied Tax Convenor. Robert was admitted as a solicitor of the NSW Supreme Court in 1974 and practised as a tax lawyer from 1978 to 1993. He then accepted positions as Senior Lecturer, firstly with ATAX at the University of New South Wales, and then at the Law School at the University of Sydney. Robert joined The Tax Institute in June 2000. Current at 01 February 2012 Click here to expand/collapse more articles by Robert Allerdice.
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